Radware Announces Signature Partnership with Sycomp

MAHWAH, N.J. and FOSTER CITY, Calif. June 22, 2023 06:00 AM

Closes million-dollar deal to provide hybrid DDoS protection for a top 10 biotech company

Radware®, a leading provider of cyber security and application delivery solutions, today announced Sycomp as a Signature Partner. Joining forces, the companies recently secured a million-dollar deal with one of the top ten biotech companies in the U.S. Sycomp A Technology Company, Inc. is a global provider of innovative data center, cloud, endpoint, and security services and solutions.

"We are excited to embark on this journey with Radware as our strategic partner and an industry leader in application and network security,” said Chris Ito, vice president of security sales at Sycomp. “As a Signature Partner, we share in a joint mission with Radware to deliver exceptional solutions and services to customers. Together, we are committed to helping organizations confidently navigate the digital landscape and securely achieve their business objectives.”

“The Signature Partnership is a strong endorsement of the expertise and capabilities that Sycomp brings to the table,” said Yoav Gazelle, Radware’s chief business officer. “Our major win in a highly regulated and competitive industry like biotech is a testament to the strong value proposition we deliver. Our joint customers will benefit from the combined strengths of Sycomp's deep industry knowledge and Radware's state-of-the-art network and application protection and delivery solutions.”

The biotech leader selected Radware in its search for a DDoS protection solution that could defend against volumetric and encrypted attacks as well as automatically mitigate zero-day attacks. In addition, the biotech was looking for a solution with flexible deployment options to suit the requirements of its global on-prem and cloud environment. To increase its global cyber defenses, the biotech chose Radware’s DefensePro® DDoS Protection, Cloud DDoS Protection Service and Emergency Response Team Service.

Radware's market-leading DDoS protection solution, including its DefensePro and Cloud DDoS Protection Service, leverages patented behavioral-based detection, automatic signature creation, and sophisticated SSL attack mitigation to protect organizations against today’s most dynamic and damaging DDoS threats. The solution provides automated protection against Burst, DNS, and TLS/SSL attacks as well as ransom DDoS campaigns, IoT botnets, phantom floods, and other types of cyber threats.

Radware’s cyber security solutions are backed by its Emergency Response Team. The group of security experts provides fully managed, 24x7 support, and mitigation services for customers facing network- and application-layer attacks.

Radware has received numerous awards for its DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.

About Sycomp

Sycomp, headquartered in California's Silicon Valley, is a global provider of innovative data center, cloud, endpoint, and security services and solutions. Our team of consultants and engineers consistently outperforms clients' expectations by effectively addressing their business challenges. The firm has a worldwide presence with offices across North America, EMEA, APAC and LATAM, an impressive list of global partnerships, and over 25 years of industry experience.

About Radware

Radware® (NASDAQ: RDWR) is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection, and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity, and achieve maximum productivity while keeping costs down. For more information, please visit the Radware website.

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Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

Safe Harbor Statement

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say that our joint customers will benefit from the combined strengths of Sycomp's deep industry knowledge and Radware's state-of-the-art network and application protection solutions, we are using a forward-looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; a shortage of components or manufacturing capacity could cause a delay in our ability to fulfill orders or increase our manufacturing costs; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; our ability to successfully implement our strategic initiative to accelerate our cloud business; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; risks and uncertainties relating to acquisitions or other investments; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; changes in government regulation; outages, interruptions, or delays in hosting services or our internal network system; compliance with open source and third-party licenses; the risk that our intangible assets or goodwill may become impaired; our dependence on independent distributors to sell our products; long sales cycles for our solutions; changes in foreign currency exchange rates; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; changes in tax laws; our ability to realize our investment objectives for our cash and liquid investments; our ability to attract, train, and retain highly qualified personnel; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

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