Page All:
Page 1
Radware Acquires Strangeloop Networks, Leader in Web-Performance Optimization (WPO) Solutions for e-commerce and Enterprise Applications
Strangeloop's best-in-class web application acceleration solutions coupled with Radware's market-leading application delivery solutions offer customers accelerated end-to-end response time and improved conversion rates
MAHWAH, New Jersey, February 7, 2013 /PRNewswire/ --
Company management will host a conference call at 8:45am ET on Friday, February 8th,
2013.
Radware [http://www.radware.com ](R) (NASDAQ: RDWR), a leading provider of application
delivery and application security solutions for virtual and cloud data centers, today
announced that it has completed the acquisition of Strangeloop Networks, a leader in the
Web performance acceleration domain.
Today's enterprises are characterized by strong adoption of software-as-a-service
(SaaS) and cloud-based services, creating a new reality with the distance rapidly
lengthening between end users and the applications they are accessing. In addition, this
year has been heralded by industry analysts as the year that mobile phones will surpass
PCs as the most common device for accessing web applications. Employees, partners and
customers will now predominantly access enterprise web applications from anywhere at any
time without being tethered to either central or branch offices.
While this represents a potential boon to productivity and efficiency, there is a
downside. Network latency significantly increases, degrading end-user quality of
experience (QoE), thus placing at risk the very same productivity gains. Complexity also
increases as web applications have higher payloads and longer rendering times, not often
designed for mobile access. This growing latency and complexity challenge, is driving the
need - especially for online businesses that heavily rely on customer-facing web
applications - for web performance acceleration solutions.
Strangeloop's technology accelerates web applications for companies such as O'Reilly
Media, Petco, Wine.com and other global e-commerce sites and SaaS providers. Using an
advanced set of proprietary site acceleration treatments to simplify and streamline web
pages in real-time, Strangeloop is able to deliver page content in the most efficient way
possible. This enhances a site visitor's experience leading to greater conversion rates
which in turn, can increase online revenues.
"By accelerating the web application response time of an enterprise, Radware can
enhance their business performance as well as employee productivity," says Ilan Kinreich,
chief operating officer, Radware. "This is an invaluable capability as we've seen an
aggressive adoption of SaaS, mobile and cloud technologies where user response time is
critical for business continuity."
Kinreich added, "Additionally, online retailers and financial services are dependent
on their customer-facing web applications. Therefore, speed and performance are two of the
most critical factors in order to increase customer satisfaction, conversion rates and
generate revenue."
Joshua Bixby, president of Strangeloop Networks added, "Strangeloop's technology is
providing critical web performance optimization solutions. Combining our offerings with
Radware, a recognized market leader in application delivery solutions, will enable our
clients to outpace their competitors on speed, reliability and overall performance."
Strangeloop's products will continue to be sold and will now be offered under the
Radware FastView(TM) brand name. The offering includes multiple form factors: physical
appliance, virtual appliance and cloud service. Future development plans include
integration of the Strangeloop technology into Radware's industry-awarded Alteon
application delivery controller (ADC), for offer as an integral software module.
Support for Strangeloop customers will be seamless. Existing customers will receive
support from Radware's world-class, 24x7 global technical support organization starting
immediately.
Company management will host a conference call for investors regarding the acquisition
at 8:45am ET on Friday, February 8th, 2013.
The conference call will be webcast on February 8th, 2013 at 8:45a.m. ET in the
"listen only" mode via the Internet at:
http://www.radware.com/Company/InvestorRelations/default.aspx.
Please use the following dial-in numbers to participate in the Strangeloop acquisition
call:
Participants in the US call: Toll Free 1 (800) 553-0326
International participants call: +1 (612) 332-0636
About Strangeloop Networks
Strangeloop is the leader in providing next-generation front-end optimization (FEO)
solutions. Companies like Petco, Visa, and Wine.com rely on Strangeloop to speed up their
websites and enterprise applications. As the earliest entrant in the FEO space,
Strangeloop was the first company to market an automated solution - the Strangeloop Site
Optimizer - with the ability to tackle front-end performance problems as a service via the
cloud. The Strangeloop Mobile Optimizer is the only advanced optimization solution that
addresses the unique challenges of delivering faster sites to mobile users. Strangeloop is
based in Vancouver, BC. For more information, visit http://www.strangeloopnetworks.com
About Radware
Radware [http://www.radware.com ] (NASDAQ: RDWR), is a global leader of application
delivery [http://www.radware.com/Products/ApplicationDelivery/default.aspx ] and
application security
[http://www.radware.com/Products/ApplicationNetworkSecurity/default.aspx ] solutions for
virtual and cloud data centers. Its award-winning solutions portfolio delivers full
resilience for business-critical applications, maximum IT efficiency, and complete
business agility.
Radware's solutions empower more than 10,000 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
http://www.radware.com.
Radware encourages you to join our community and follow us on; LinkedIn
[http://www.linkedin.com/company/165642 ], Radware Blog [http://blog.radware.com ],
Twitter [http://twitter.com/#!/radware ], YouTube [http://www.youtube.com/radwareinc ],
Radware Connect [http://itunes.apple.com/us/app/radware-connect/id391124100?mt=8 ] app for
iPhone(R) and our new security center DDoSWarriors.com [http://security.radware.com ] that
provides a comprehensive analysis on DDoS attack tools, trends and threats.
(c)2013 Radware, Ltd. All rights reserved. Radware and all other Radware product and
service names are registered trademarks or trademarks of Radware in the U.S. and other
countries. All other trademarks and names are property of their respective owners.
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. These statements are based
on current expectations and projections that involve a number of risks and uncertainties.
There can be no assurance that future results will be achieved, and actual results could
differ materially from forecasts and estimates. Some of the factors that could
significantly impact the forward-looking statements in this press release include the risk
that the businesses will not be integrated successfully; the risk that any synergies from
the transaction may not be fully realized or may take longer to realize than expected;
disruption from the transaction making it more difficult to maintain relationships with
customers, employees or suppliers, the risk that Strangeloop's business may not perform as
expected, and other risks some of which are discussed in greater detail in Radware's
Annual Report on Form 20-F and Radware's other filings with the Securities and Exchange
Commission. Forward-looking statements speak only as of the date on which they are made
and 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 Securities and Exchange Commission's
website at http://www.sec.gov or may be obtained on Radware's website at
http://www.radware.com.
Corporate Media Relations:
Brian T. Gallagher
+1-201-785-3206 (office)
+1-201-574-3840 (cell)
briang@radware.com
Radware Ltd
Radware Acquires Strangeloop Networks, Leader in Web-Performance Optimization (WPO) Solutions for e-commerce and Enterprise Applications
Strangeloop's best-in-class web application acceleration solutions coupled with Radware's market-leading application delivery solutions offer customers accelerated end-to-end response time and improved conversion rates
MAHWAH, New Jersey, February 7, 2013 /PRNewswire/ --
Company management will host a conference call at 8:45am ET on Friday, February 8th,
2013.
Radware [http://www.radware.com ](R) (NASDAQ: RDWR), a leading provider of application
delivery and application security solutions for virtual and cloud data centers, today
announced that it has completed the acquisition of Strangeloop Networks, a leader in the
Web performance acceleration domain.
Today's enterprises are characterized by strong adoption of software-as-a-service
(SaaS) and cloud-based services, creating a new reality with the distance rapidly
lengthening between end users and the applications they are accessing. In addition, this
year has been heralded by industry analysts as the year that mobile phones will surpass
PCs as the most common device for accessing web applications. Employees, partners and
customers will now predominantly access enterprise web applications from anywhere at any
time without being tethered to either central or branch offices.
While this represents a potential boon to productivity and efficiency, there is a
downside. Network latency significantly increases, degrading end-user quality of
experience (QoE), thus placing at risk the very same productivity gains. Complexity also
increases as web applications have higher payloads and longer rendering times, not often
designed for mobile access. This growing latency and complexity challenge, is driving the
need - especially for online businesses that heavily rely on customer-facing web
applications - for web performance acceleration solutions.
Strangeloop's technology accelerates web applications for companies such as O'Reilly
Media, Petco, Wine.com and other global e-commerce sites and SaaS providers. Using an
advanced set of proprietary site acceleration treatments to simplify and streamline web
pages in real-time, Strangeloop is able to deliver page content in the most efficient way
possible. This enhances a site visitor's experience leading to greater conversion rates
which in turn, can increase online revenues.
"By accelerating the web application response time of an enterprise, Radware can
enhance their business performance as well as employee productivity," says Ilan Kinreich,
chief operating officer, Radware. "This is an invaluable capability as we've seen an
aggressive adoption of SaaS, mobile and cloud technologies where user response time is
critical for business continuity."
Kinreich added, "Additionally, online retailers and financial services are dependent
on their customer-facing web applications. Therefore, speed and performance are two of the
most critical factors in order to increase customer satisfaction, conversion rates and
generate revenue."
Joshua Bixby, president of Strangeloop Networks added, "Strangeloop's technology is
providing critical web performance optimization solutions. Combining our offerings with
Radware, a recognized market leader in application delivery solutions, will enable our
clients to outpace their competitors on speed, reliability and overall performance."
Strangeloop's products will continue to be sold and will now be offered under the
Radware FastView(TM) brand name. The offering includes multiple form factors: physical
appliance, virtual appliance and cloud service. Future development plans include
integration of the Strangeloop technology into Radware's industry-awarded Alteon
application delivery controller (ADC), for offer as an integral software module.
Support for Strangeloop customers will be seamless. Existing customers will receive
support from Radware's world-class, 24x7 global technical support organization starting
immediately.
Company management will host a conference call for investors regarding the acquisition
at 8:45am ET on Friday, February 8th, 2013.
The conference call will be webcast on February 8th, 2013 at 8:45a.m. ET in the
"listen only" mode via the Internet at:
http://www.radware.com/Company/InvestorRelations/default.aspx.
Please use the following dial-in numbers to participate in the Strangeloop acquisition
call:
Participants in the US call: Toll Free 1 (800) 553-0326
International participants call: +1 (612) 332-0636
About Strangeloop Networks
Strangeloop is the leader in providing next-generation front-end optimization (FEO)
solutions. Companies like Petco, Visa, and Wine.com rely on Strangeloop to speed up their
websites and enterprise applications. As the earliest entrant in the FEO space,
Strangeloop was the first company to market an automated solution - the Strangeloop Site
Optimizer - with the ability to tackle front-end performance problems as a service via the
cloud. The Strangeloop Mobile Optimizer is the only advanced optimization solution that
addresses the unique challenges of delivering faster sites to mobile users. Strangeloop is
based in Vancouver, BC. For more information, visit http://www.strangeloopnetworks.com
About Radware
Radware [http://www.radware.com ] (NASDAQ: RDWR), is a global leader of application
delivery [http://www.radware.com/Products/ApplicationDelivery/default.aspx ] and
application security
[http://www.radware.com/Products/ApplicationNetworkSecurity/default.aspx ] solutions for
virtual and cloud data centers. Its award-winning solutions portfolio delivers full
resilience for business-critical applications, maximum IT efficiency, and complete
business agility.
Radware's solutions empower more than 10,000 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
http://www.radware.com.
Radware encourages you to join our community and follow us on; LinkedIn
[http://www.linkedin.com/company/165642 ], Radware Blog [http://blog.radware.com ],
Twitter [http://twitter.com/#!/radware ], YouTube [http://www.youtube.com/radwareinc ],
Radware Connect [http://itunes.apple.com/us/app/radware-connect/id391124100?mt=8 ] app for
iPhone(R) and our new security center DDoSWarriors.com [http://security.radware.com ] that
provides a comprehensive analysis on DDoS attack tools, trends and threats.
(c)2013 Radware, Ltd. All rights reserved. Radware and all other Radware product and
service names are registered trademarks or trademarks of Radware in the U.S. and other
countries. All other trademarks and names are property of their respective owners.
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. These statements are based
on current expectations and projections that involve a number of risks and uncertainties.
There can be no assurance that future results will be achieved, and actual results could
differ materially from forecasts and estimates. Some of the factors that could
significantly impact the forward-looking statements in this press release include the risk
that the businesses will not be integrated successfully; the risk that any synergies from
the transaction may not be fully realized or may take longer to realize than expected;
disruption from the transaction making it more difficult to maintain relationships with
customers, employees or suppliers, the risk that Strangeloop's business may not perform as
expected, and other risks some of which are discussed in greater detail in Radware's
Annual Report on Form 20-F and Radware's other filings with the Securities and Exchange
Commission. Forward-looking statements speak only as of the date on which they are made
and 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 Securities and Exchange Commission's
website at http://www.sec.gov or may be obtained on Radware's website at
http://www.radware.com.
Corporate Media Relations:
Brian T. Gallagher
+1-201-785-3206 (office)
+1-201-574-3840 (cell)
briang@radware.com
Radware Ltd