Radware Expands Relationship with One of Africa�s Leading Banking Groups and Top 10 Most Valuable Banking Brands

Delivers comprehensive cloud application security services and solutions

MAHWAH, N.J., Jan. 18, 2023 (GLOBE NEWSWIRE) — Radware^� (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced that it expanded its relationship with one of Africa’s leading banking groups and top 10 most valuable African brands. As part of the new agreement, the customer added Radware’s Cloud Web Application Firewall (WAF) Service, Bot Manager and Emergency Response Team Services to its existing Radware solutions. The customer also uses Radware’s DefensePro® DDoS Protection and hybrid Cloud DDoS Protection Service.

Today, the financial services institution provides banking services to millions of customers. With malicious bot attacks pressuring its infrastructure and disrupting user services, the bank turned to Radware to bolster its application security. The customer wanted to more accurately detect and distinguish between legit customers, good bots, and bad bots as well as improve the mitigation of a growing array of automated attacks.

“Applications are the core of a financial services business. They are the primary revenue drivers, growth and retention engines, and main customer engagement platform,” said Yoav Gazelle, Radware’s chief business officer. “Radware’s one-stop-shop for cloud security services keeps banks and their applications protected against emerging threat vectors as their business grows. We were able to expand this customer relationship due to the technical strength and ease of use of our products, quick response times, seamless onboarding, and dashboard visibility.”

Radware’s application security continues to earn industry recognition. Radware was named a technology leader in KuppingerCole’s 2022 Leadership Compass Report for WAFs and Quadrant Knowledge Solutions’ 2021 SPARK Matrix™: WAF analysis. Radware’s WAF solution protects users from web application and OWASP top-10 attacks, access violations, attacks disguised behind CDNs, API manipulations, advanced HTTP attacks, brute force attacks, and other threats.

Radware was also named the technology leader in Quadrant Knowledge Solutions’ 2022 SPARK Matrix: Bot Management analysis, marking the third consecutive year the company received this recognition. Radware Bot Manager combines behavioral modeling for granular intent analysis, collective bot intelligence, and fingerprinting of browsers, devices, and machines to defend web applications, mobile apps, and APIs from automated threats and advanced human-like bots.

For customers facing application- and network-layer DDoS attacks, Radware’s Emergency Response Team provides 24×7 support and mitigation services. The group of security experts bolsters an organization’s security capabilities and resources by leveraging industry-leading experience, best practices, and real-time threat intelligence.

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.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube, and Radware Mobile for iOS and Android.

©2023 Radware Ltd. All rights reserved. Any 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.

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 we are able to win customers due to our technical strength and ease of use of our products, quick response times, seamless onboarding, and dashboard visibility, 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.

Media Contact:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com