Radware Expands Relationship with Fortune 500 Financial Services Provider in a Multimillion-Dollar Deal

MAHWAH, NJ September 29, 2022 06:00 AM

Radware® (NASDAQ: RDWR), NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced it expanded its relationship with a Fortune 500 financial services provider in a multimillion-dollar deal. The multinational industry leader extended its investment in Radware’s Application Protection-as-a-Service beyond DDoS protection to include Radware's Cloud Web Application Firewall (WAF), API Protection, and Bot Manager.

Responsible for its customers’ public-facing websites, the financial services provider was under constant cyberattacks. To protect its network and application infrastructure along with the millions of merchants and thousands of financial institutions it supports, the provider turned to Radware to increase its cyber defenses across multiple dimensions, including automation, efficacy, and visibility.

“The banking industry is fueled by frictionless customer experiences and high-value, sensitive data, making it an extremely attractive target for cyber criminals,” said Yoav Gazelle, Radware’s chief business officer. “As a leader in merchant banking solutions, a state-of-the-art attack detection and mitigation capacity was critical to this company’s business and reputation. We’ve been able to grow this relationship because we continue to demonstrate that our experience, solutions, and support are aligned with the advanced security and network requirements this industry demands.”

To deliver a higher level of application security with lower false positives, Radware’s Application Protection-as-a-Service combines negative and positive security with automated, machine-learning based algorithms that continuously study application traffic and end-user behavior. The cloud-based service protects against both zero-day and bad-bot attacks.

Radware’s cyber security solutions continue to earn industry recognition. Recently, GigaOm named Radware a Leader and Outperformer in the Innovation Hemisphere of its Application and API Protection Radar report. In addition, the company was recognized as a Product, Innovation, Market, and Overall Leader in KuppingerCole’s 2022 Leadership Compass report for Web Application Firewalls (WAF). Quadrant Knowledge Solutions named Radware a leader in its 2021 SPARK Matrix: Bot Management report.

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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