Radware Completes Acquisition of Nortel’s Layer 4-7 Application Delivery Business
RDWR), the leading provider of integrated application delivery solutions for
business-smart networking, today announced that it has completed the
acquisition of assets pertaining to Nortel’s [TSX: NT, OTC: RTLQ] Layer 4-7
Application Delivery Business for the amount of
the acquisition are Nortel’s application delivery products, certain related
intellectual property assets, tangible assets, inventory and service
contracts in addition to a number of employees related to this business.
A 5-year product support plan will be implemented immediately for all
existing Radware [Alteon] customers reinforcing the company’s commitment to
the product line and securing the investment of these customers in Alteon
technology. Radware plans to continue to sell these products under the
Radware Alteon brand and invest in their development – leveraging mutual
strengths of both Radware and Alteon technologies and experience – to provide
customers with the next generation of more reliable, high-performance and
feature-rich solutions.
“We are pleased that the acquisition has been completed and that Radware
plans to invest in the future of the Alteon product line, stated Bernd
Schwefing COO of Controlware GmbH. “This development commitment combined with
their expertise in the space and support guarantee gives us confidence that
the business and infrastructure interests of our customers will be well
served.”
“The addition of the Nortel [Alteon] business to Radware’s product
portfolio was a strategic decision to enhance our offering and enable us to
leverage the mutual strengths of both Radware and Alteon technologies,
providing our customers with the next generation of more reliable,
high-performance and feature-rich solutions”, affirmed Roy Zisapel, CEO
Radware. We look forward to working with our customers and providing them
with the most technology-advanced solutions available in the ADC market.”
“We are encouraged by the acquisition of the Alteon product line by
Radware,” stated
will this provide continuity to customers under the guidance of an
experienced application delivery provider, it will also present us with
additional, value-added opportunities to pursue as a partner.”
“Radware’s acquisition of the application switching and acceleration
products is a good sign. We have enjoyed success in implementing and
supporting these products across the UK,” offered
Manager at Maxima. “Their assurance to evolve the product line and provide
immediate, knowledgeable technical support gives us confidence that our
customers will be well served.”
For additional information about the acquisition, please go to:
http://www.radwarealteon.com
About Radware
Radware (NASDAQ:RDWR), the global leader in integrated application
delivery solutions, assures the full availability, maximum performance, and
complete security of business-critical applications for more than 6,000
enterprises and carriers worldwide. With APSolute(TM), Radware’s
comprehensive and award-winning suite of application delivery and network
security products, companies in every industry can drive business
productivity, improve profitability, and reduce IT operating and
infrastructure costs by making their networks business smart. For more
information, please visit http://www.radware.com.
This press release reflects our current views with respect to future
events and is based on forward-looking statementsand assumptions which are
subject to risks and uncertainties. Actual results could differ materially
from those anticipated in these forward-looking statements as a result of
various factors. Factors that could cause actual results to differ materially
from these forward-looking statements include, but are not limited to: (a)
general business conditions in the Application Switching or Network Security
industry; (b) changes in demand for Application Switching or Network Security
products; (c) the timing and amount or cancellation of orders; (d) the
ability to successfully integrate the Alteon business into our organization
and operations; (e) the inability to achieve expected synergies as a result
of the acquisition of the Alteon business; (f) economic conditions and
exchange rates; (g) actions by competitors; (h) the continuation of key
vendor relationships; (i) the ability to maintain the Alteon customer base;
j) the incurrence of unanticipated liabilities as a result of the acquisition
of the Alteon business; (k) unanticipated legal and administrative
proceedings; and (l) other risks detailed from time to time in Radware’s
filings with the Securities and Exchange Commission, including Radware’s Form
20-F. We do not intend to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. Please
refer to Radware’s filings with the Securities and Exchange Commission,
including the “Cautionary Statement Regarding Forward-Looking Statements” and
“Risk Factors” sections of Radware’s Form 20-F for a more detailed
explanation of the inherent limitations in such forward looking statements.
Chief Financial Officer
Meir Moshe
+972-3-766-8610
meirm@radware.com
Corporate Communications
Joyce Anne Shulman
+1-201-785-3209
joyceannes@radware.com
SOURCE Radware Ltd