Security and application delivery vendor Radware has announced a strategic initiative to accelerate the growth of its cloud security services business.
Radware will acquire the business of SecurityDAM, its DDoS scrubbing centers provider. In addition, Radware plans to grow its innovation centre in India, and further expand its cloud network footprint and capacity, and cloud services division, including its technology, operations and headcount.
These actions reflect the company’s ongoing commitment to providing customers with the highest level of cyber security services and protection.
While digital transformation unlocks new opportunities for organisations, it also leaves them vulnerable and exposed to more cyber-attacks. As they seek to fill these defensive gaps and protect their assets, the demand for cloud security solutions continues to rise.
“We are committed to providing our customers with state-of-the-art, frictionless security, so they can advance their digital strategies while ensuring their defences don’t become roadblocks to change,” said Roy Zisapel, Radware’s president and CEO.
“Radware is already protecting a quarter of the Fortune 50 companies. The goal of our initiative is to innovate and scale faster, so we can deliver our cloud security capabilities to even more customers and capitalize on the growing market opportunity.”
To launch its initiative, Radware is taking several steps. These include:
Acquiring the assets of SecurityDAM, a related party and a cloud DDoS network operator that supplied Radware with scrubbing center services used for the provision of Radware’s Cloud DDoS Protection Service.
Expanding its presence in Bangalore and Chennai, India, to create a larger regional innovation center. This center is chartered to drive cybersecurity research and development (R&D) and service delivery excellence across the company’s portfolio of cloud security solutions.
It augments Radware’s Tel-Aviv headquartered R&D centre that addresses product innovations, such as enhanced Layer-7 flood mitigation and advanced machine-learning algorithms for auto policy optimisation and false positive detection. With these investments, Radware’s cloud service unit now totals nearly 300 engineers.
Increasing the cloud service capacity of its global delivery network to 10Tbps and extending its footprint to address evolving business demands and the growing volume of cyber attacks. In the past three months, Radware added cloud centers in Paris, France; Amsterdam, the Netherlands; and Moscow, Russia.
During the next six months, the company plans to open new and expand existing cloud security centres in major cities around the world. In the U.S., this includes San Jose, California; Dallas, Texas; and Ashburn, Virginia. Other international cities include Melbourne and Sydney, Australia; Santiago, Chile; Hong Kong, China; Tokyo, Japan; Wellington, New Zealand; Taipei, Taiwan; and Dubai, the United Arab Emirates.
Innovating across Radware’s cloud security data centre architecture to segregate between peacetime, always-on zones, and mitigation and attack zones. This advanced capability provides always-on attack detection for all customers while isolating organisations with high volume attacks to specific zones in the cloud network, so they don’t create impact to the broader group. This provides greater resiliency and service availability for always-on customers.
Advancing our service availability and protection level with new cloud service enhancements, including:
A new portal for Radware’s Cloud DDoS Protection Service to improve the customer experience.
Enhanced DNS attack detection and prevention with new algorithms to further improve detection and minimise false positives of sophisticated DNS attacks.
An integrated global content delivery network service that has hundreds of cloud centers globally and is based on AWS CloudFront.
Under the terms of the asset purchase agreement, Radware acquired SecurityDAM’s technology and operations for $US30 million (subject to adjustments for intra-party balances and other deductions) with contingent payments of up to $12.5 million. The company expects the acquisition to be accretive to earnings on a non-GAAP basis in 2023.