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Radware Expands Attack Mitigation Solutions for Financial Services Technology Firm in Multi-Million Dollar Deal

MAHWAH, N.J., Aug. 09, 2018 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, will expand its relationship with a leading provider of solutions and services for the financial services industry to provide a comprehensive attack mitigation solution based on Radware hybrid DDoS attack mitigation, which includes on-premises protection, cloud protection services, and product subscriptions as part of a three year, multi-million dollar transaction.

/EIN News/ -- This financial services technology company’s customers rely on the constant availability of its service to automate and process important financial transactions. The company is rebuilding its datacenter architecture and upgrading its network to accommodate increased bandwidth. It has selected Radware to ensure uptime and provide more extensive network security.

This customer chose Radware’s hybrid DDOS attack mitigation solution to protect its organization. It adopted Radware’s cloud DDOS scrubbing services, upgraded existing Radware appliances, and added new appliances across additional data centers. The customer has also added a suite of new subscription services, including Radware’s recently launched ERT Active Attackers Feed to guard its infrastructure and ensure network availability

 “This financial services technology solutions is serving thousands of financial services firms, handles massive amounts of transactions,” said Roy Zisapel, President and CEO of Radware.  “Based on strong positive experiences with our solutions that were deployed in several of its data centers, this customer expanded its Radware footprint to include both on-premises protection and cloud scrubbing services.”

Radware’s family of attack mitigation solutions provides integrated application and network security for a best of breed, multi-layered security architecture and DDoS attack protection. The solutions provide the highest protection accuracy with patented, behavioral-based detection and real-time signature creation for zero-day attack mitigation. Radware's hybrid DDoS solution integrates always-on detection and mitigation (on-premises or in the cloud) with cloud-based volumetric DDoS attack prevention, scrubbing, and 24x7 Emergency Response Team (ERT) support. Radware’s Defense SSL protection supports all types of encrypted attacks, including TCP SYN Floods, SSL Negotiation Floods, HTTPS Floods, and Encrypted Web Attacks.

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 more than 12,500 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 www.radware.com.

Radware encourages you to join our community and follow us on: FacebookGoogle+LinkedInRadware BlogSlideShareTwitterYouTubeRadware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

©2018 Radware Ltd. All rights reserved. The Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

Safe Harbor Statement
This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. For example, when we say that this customer will continue to rely on Radware’s DDoS mitigation solutions to guard its infrastructure and ensure network availability this is 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; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; 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; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on 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, reference is made to Radware’s Annual Report on Form 20-F, which is on file 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.

Media Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com

Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com

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