MAHWAH, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced it has been named an Overall Leader in the 2024 KuppingerCole Leadership Compass Report for Web Application Firewalls (WAF). In addition, the company is recognized as a leader across the report’s Product, Innovation, and Market Leadership categories. Radware is distinguished in the report for its web application security, DDoS protection, API protection, and innovative bot management. A complimentary copy of the report is available here.
KuppingerCole’s report analyst Osman Celik, wrote, “Radware is highly innovative and should be considered when evaluating an organization's WAF.”
The report highlights Radware’s strengths in multiple areas:
- “It combines a negative security model using signatures, rules, and expressions with a positive model that automatically learns and maps the application to create an optimized security policy using machine learning algorithms.”
- “Radware Bot Manager features a unique semi-supervised machine learning algorithm that identifies the intent of each request…to give zero-day protection to applications and reduce false positives.”
- “Radware's suite of services shows strength in providing a wide range of capabilities to protect against layer 3, 4, and 7 DDoS and DoS attacks, as well as providing low latency, high bandwidth capacity, and a good forwarding rate.”
- “The architecture of the solution provides excellent coverage of PoPs worldwide.”
- “The Radware suite leverages both internal and external sources for threat intelligence and has strong capabilities in this area.”
The Leadership Compass Report notes the breadth of Radware’s suite of application protection services. This includes its Cloud Application Protection Services, which encompasses its Cloud WAF, Bot Manager, and API and Web DDoS Protection. It also includes Radware’s AppWall® standalone WAF, Alteon® application delivery controller, Kubernetes WAF, Cloud DDoS Protection Service, and DefensePro® DDoS Protection.
In the report, Radware’s suite of application protection services receives positive and strong positive ratings across a wide variety of areas. The coverage areas range from security, functionality, deployment, and interoperability to usability, innovativeness, market position, financial strength, and ecosystem.
“We are proud to be recognized by KuppingerCole as an overall leader in its 2024 Leadership Compass Report for WAFs. Our commitment to continuous innovation is core to our mission,” said Sharon Trachtman, chief marketing officer at Radware. “Our AI-powered solutions are designed to help organizations protect against a threat landscape that is constantly shifting. This includes adapting policies in real time to mitigate automated attacks and maintaining a high level of security with low levels of false positives, so no legitimate traffic is blocked.”
The 2024 KuppingerCole Leadership Compass Report for WAFs examines the WAF market segment, vendor service functionality, relative market share, and innovative approaches to providing WAF solutions. The report includes an assessment of 14 security vendors.
Radware’s recognition in KuppingerCole’s report follows the company’s recent ranking as a Leader and Fast Mover in GigaOm’s 2024 Radar for Application and API Security Report. Radware was the only vendor among the 13 security providers evaluated in GigaOm’s report to earn a top score for AI enhanced vulnerability detection.
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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THIS PRESS RELEASE AND THE 2024 KUPPINGERCOLE LEADERSHIP COMPASS REPORT FOR WEB APPLICATION FIREWALLS ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE'S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.
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 in this press release that our AI-powered solutions are designed to help organizations protect against a threat landscape that is constantly shifting, we are using forward-looking statements. 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, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; 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; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; 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
