Radware Launches Enhanced Program for Managed Security Service Providers

Combines a high margin data center protection and application security service offering with low cost of entry

MAHWAH, N.J., Oct. 24, 2023 (GLOBE NEWSWIRE) — Radware^® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it enhanced its Cybersecurity Partner Program with an expanded offering for Managed Security Service Providers (MSSPs). The refreshed program will make it easier for MSSPs to expand their value-added service portfolio and manage the hosted security services needed to address the surge in cyberattacks and shortage in skilled cybersecurity talent. To accelerate revenue growth, partners will have access to new licensing models, expanded technical training, and more marketing and sales enablement tools.

“The updated program is designed to put a portfolio of high margin, state-of-the-art application and DDoS protection and web application firewall services into the hands of MSSPs that want to build predictable, new revenue streams while helping customers defend against more frequent and sophisticated cyberattacks,” said Yoav Gazelle, Radware’s chief business officer. “Because we know speed to market and protection are essential, we are making it easier for MSSPs to engage with a higher level of service. The program is built on low cost of entry, easy deployment and integration, and more flexible licensing models.”

Through Radware’s global program, MSSPs can white label or resell Radware’s suite of integrated application and network security solutions, which are designed with patented algorithms to automatically adapt to changes in the threat landscape, applications, and infrastructure. The portfolio, which scales to meet the needs of small, mid-size, and large organizations, includes DDoS mitigation, application and API protection, a web application firewall, and bot detection and management.

Radware’s Cybersecurity Partner Program offers a variety of benefits to cater to MSSP business requirements. This includes:

• New flexible licensing models, such as pay-as-you-go, subscription-based pricing, and service-based licensing, to scale investments over time.
• An expanded portfolio of partner enablement and marketing support tools as well as enhanced training resources to drive outcomes and ensure growth.
• More high touch sales and technical support from Radware’s security experts.
• Easy access to Radware’s real-time threat intelligence and analytics to help customers stay ahead of potential breaches.
• A unified management platform and user-friendly interfaces that streamline workflows and simplify the management, monitoring, and operation of security services.
• Automation and orchestration capabilities that reduce human error and simplify routine tasks, such as provisioning, policy enforcement, and incident response.

Radware’s application and network security solutions have earned industry recognition from numerous analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions. The solutions are backed by a global cloud security network that delivers an attack mitigation capacity of 12Tbps across more than 40 security centers.

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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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 the program is designed to build predictable, new revenue streams while helping MSSPs’ customers defend against more frequent and sophisticated cyberattacks, 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