Radware Named Best-in-Class Provider for Bot Detection and Management by the Aite-Novarica Group

Recognized for its market leadership and the strength of its client relationships

MAHWAH, N.J., Jan. 05, 2023 (GLOBE NEWSWIRE) — Radware^® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced that it was named a best-in-class provider of bot management solutions in a report by the Aite-Novarica Group, a financial services research and advisory firm. The report — Aite Matrix: Leading Bot Detection and Management Providers — ranked Radware among 10 vendors.

Radware Bot Manager combines behavioral modeling for granular intent analysis, collective bot intelligence, and fingerprinting of browsers, devices, and machines to defend web applications, mobile apps, and APIs from automated threats and advanced human-like bots. This includes account takeovers, denial of inventory, DDoS, ad and payment fraud, and web scraping.

Radware was among the vendors receiving the highest marks for vendor stability and client strength. According to the report and customer feedback:

• “Aite-Novarica Group sees a lot to like in Radware’s Bot Manager and how it treats its customers.”
• “The company has demonstrated market and product stability and offers a competitive bot detection and management solution. The largest global financial institutions, brokerage firms, and financial services companies use Radware’s Bot Manager.”
• “The solution’s sophistication and wide range of deployment options have made it a popular option across e-commerce, travel and transportation, and retail and wholesale trade.”
• “Uniformly, customers all pointed to support, response, and functionality as key reasons they liked Radware’s bot detection and management solution.”
• “Another common response from customers is that Radware keeps its promises when committing to a fix or improvement.”

“We are honored to be recognized as a market leader in Aite-Novarica’s analysis of the bot management market,” said Sharon Trachtman, Radware’s chief marketing officer. “Our vision for bot detection and management is based on a state-of-the-art, frictionless experience that works as a dedicated solution or as part of an integrated application protection stack. Delivering on a multi-layered approach to protect our bot customers from even the most advanced threats is how we continue to earn their trust each day.”

The Aite Matrix evaluates the overall competitive position of each vendor, focusing on vendor stability, client strength, product features, and client services. A complimentary copy of the full Aite Matrix: Leading Bot Detection and Management Providers report can be found here.

For two consecutive years, Radware also has been recognized as the technology leader in Quadrant Knowledge Solutions’ SPARK Matrix™: Bot Management analysis.

Companies can estimate the financial costs their business incurs from malicious bots, based on their industry, traffic volumes, revenue, and infrastructure costs with Radware’s Bad Bot Business Impact Calculator.

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 delivering on a multi-layered approach to protect our bot customers from even the most advanced threats is how we continue to earn their trust each day, 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