MAHWAH, N.J., July 13, 2022 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that ESDS Software Solution Limited selected Radware’s Cloud DDoS Protection Service to support its data centers in India. ESDS is among India’s leading managed cloud service and end-to-end multi-cloud requirements providers. ESDS engaged Radware to further increase its visibility to network and application performance as well as speed time to protection against malicious DDoS attacks.
“ISP customers depend on us to maintain a high level of security and availability, which is why security reliability is important to our business,” said Rushikesh Jadhav, chief technology officer at ESDS. “We decided to work with Radware because it provides a comprehensive cloud DDoS service that can automatically generate protection for zero-day and unknown DDoS attacks in real time through a unified portal.”
DDoS attacks are becoming more frequent, powerful and sophisticated. According to a Radware report, the number of blocked malicious events per company has risen more than 30% from 2020 to 2021. In addition, the average blocked volume per company has grown by 26% during the same time period.
“Recognized as one of India’s leading cloud service providers, ESDS is continually advancing critical cloud-based tools to create added business value and protection for customers that serve many different industries,” said Nikhil Karan Taneja, Radware’s vice president and managing director for India, the Middle East, and South Asia. “We are pleased to offer ESDS a comprehensive cloud security solution built to defend against even the most determined threat actors.”
Radware’s Cloud DDoS Protection Service protects customers from large and sophisticated DDoS attacks, including randomized and reflective DDoS attacks, burst DDoS attacks, SSL floods, and IoT botnet DDoS attacks. Radware was recently ranked a global leader in Forrester’s report, “The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021.”
Disclaimer
ESDS Software Solution Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares (the "Equity Shares") and has filed a draft red herring prospectus dated September 2, 2021 (the "DRHP") with the Securities and Exchange Board of India ("SEBI"), BSE Limited and the National Stock Exchange of India Limited. The DRHP is available on the website of SEBI at www.sebi.gov.in, the website of the BSE Limited at www.bseindia.com, and the website of the National Stock Exchange of India Limited at www.nseindia.com, and the website of the Lead Managers, Axis Capital Limited and IIFL Securities Limited, at www.axiscapital.co.in and www.iiflcap.com, respectively. Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus of the Company, including the section titled "Risk Factors."
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 our cloud security solution is built to defend against even the most determined threat actors, 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
