Radware Secures Cyber Defense Deal With Major Online Gaming Company

Mahwah, New Jersey, UNITED STATES

MAHWAH, N.J., Jan. 30, 2019 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cybersecurity and application delivery solutions, today announced it has secured a multi-million dollar contract with a leading global online gaming company to provide protection from next generation attacks and specifically encrypted attacks. The deal includes a combination of hardware and subscription services including support and training over a three-year period.

The online gaming company selected Radware’s DefensePro© SSL solution to provide seamless, effective mitigation without impacting the online customer experience. It chose Radware’s solution over competitors’ solutions for its leading detection and mitigation capabilities coupled with unparalleled scalability, a critical value-add as the company looks to explore new markets and expand its footprint.

“This win is part of a large infrastructure transformation that focused on improved user experience,” commented Yoav Gazelle, Vice President of International Sales for Radware. “This customer chose Radware to help strengthen its resilience and enhance responsiveness to its more than 30 million customers worldwide.”

Today more than 72% of all internet traffic is encrypted.  Many online gaming websites have transitioned to SSL environments in order to encrypt sensitive data, like credit card information, as it passes from a customer’s browser to the gaming company’s server.  But by doing so, they increase the chance of cyber criminals using that same encryption to hide malicious data and attacks, such as SQL injection attacks, or finding vulnerabilities within the SSL protocol itself.

Radware’s solution detects and mitigates attacks, provides stronger resiliency, and enhances responsiveness through its low latency, offering a better customer experience to millions of customers. 

Gazelle added, “Encrypted connections are essential to safeguarding the privacy of sensitive personal data. But they also create opportunities for attackers if additional layers of security are not in place.  All businesses have an obligation to protect customers from threats to their network. Eliminating security blind spots due to SSL traffic is crucial to providing a fast and reliable service. Radware’s solution offers the advanced detection and mitigation that those who rely on SSL need to protect the customer 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 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.

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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 “Radware’s solution will detect and mitigate attacks, provide stronger resiliency, and enhance responsiveness through its low latency, offering a better customer experience to millions of customers”, 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.

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