Radware (NASDAQ: RDWR) has signed a managed security service provider (MSSP) agreement with Cirion Technologies, expanding their existing channel relationship. Cirion, a leading digital infrastructure provider in Latin America, plans to invest in Radware’s Cloud DDoS Protection Service and offer it to customers across the region.
Cirion, present in 20 countries with over 5,500 clients, aims to enhance its security offering with Radware’s solution. The partnership allows Cirion to provide automatic protection, faster mitigation, and better accuracy to a wide range of customers, from small businesses to internet service providers.
Radware’s multi-tenant portal simplifies attack management and monitoring for MSSPs. Cirion already offers Radware’s Cloud Application Protection Services, including web application firewall and bot management. The expanded relationship is expected to open new revenue streams for Cirion while delivering advanced cloud DDoS protection across Latin America.
Radware (NASDAQ: RDWR) ha firmato un accordo di fornitura di servizi di sicurezza gestiti (MSSP) con Cirion Technologies, ampliando la loro relazione commerciale esistente. Cirion, un leader nella fornitura di infrastrutture digitali in America Latina, prevede di investire nel Cloud DDoS Protection Service di Radware e offrirlo ai clienti in tutta la regione.
Cirion, presente in 20 paesi con oltre 5.500 clienti, mira a potenziare la sua offerta di sicurezza con la soluzione di Radware. La partnership consente a Cirion di fornire una protezione automatica, una mitigazione più veloce e una maggiore precisione a una vasta gamma di clienti, dalle piccole imprese ai fornitori di servizi internet.
Il portale multi-tenant di Radware semplifica la gestione e il monitoraggio degli attacchi per gli MSSP. Cirion offre già i servizi di protezione delle applicazioni cloud di Radware, tra cui il firewall per applicazioni web e la gestione dei bot. La relazione ampliata dovrebbe aprire nuove fonti di reddito per Cirion, garantendo al contempo una protezione avanzata contro i DDoS nel cloud in tutta l’America Latina.
Radware (NASDAQ: RDWR) ha firmado un acuerdo de proveedor de servicios de seguridad gestionados (MSSP) con Cirion Technologies, ampliando su relación comercial existente. Cirion, un proveedor líder de infraestructura digital en América Latina, planea invertir en el Cloud DDoS Protection Service de Radware y ofrecerlo a los clientes de la región.
Cirion, presente en 20 países con más de 5,500 clientes, busca mejorar su oferta de seguridad con la solución de Radware. La asociación permite a Cirion proporcionar protección automática, mitigación más rápida y mayor precisión a una amplia gama de clientes, desde pequeñas empresas hasta proveedores de servicios de internet.
El portal multinquilino de Radware simplifica la gestión y monitoreo de ataques para los MSSP. Cirion ya ofrece los servicios de protección de aplicaciones en la nube de Radware, que incluyen firewall para aplicaciones web y gestión de bots. Se espera que la relación ampliada abra nuevas fuentes de ingresos para Cirion, al tiempo que proporciona una protección avanzada contra DDoS en la nube en toda América Latina.
Radware (NASDAQ: RDWR)는 Cirion Technologies와 관리형 보안 서비스 제공업체(MSSP) 계약을 체결하여 기존의 채널 관계를 확장했습니다. 라틴 아메리카의 주요 디지털 인프라 제공업체인 Cirion은 Radware의 Cloud DDoS Protection Service에 투자하고 이를 지역 내 고객들에게 제공할 계획입니다.
20개국에 진출해 5,500명 이상의 고객을 보유하고 있는 Cirion은 Radware의 솔루션을 통해 보안 서비스를 향상시키려 합니다. 이번 파트너십을 통해 Cirion은 소규모 기업부터 인터넷 서비스 제공업체에 이르는 다양한 고객에게 자동화된 보호, 신속한 완화 및 더 나은 정확성을 제공할 수 있습니다.
Radware의 다중 테넌트 포털은 MSSP를 위한 공격 관리 및 모니터링을 간소화합니다. Cirion은 이미 Radware의 클라우드 애플리케이션 보호 서비스를 제공하고 있으며, 이에는 웹 애플리케이션 방화벽 및 봇 관리가 포함됩니다. 관계의 확장은 Cirion에 새로운 수익원을 창출할 것으로 예상되며, 라틴 아메리카 전역에 걸쳐 고급 클라우드 DDoS 보호를 제공할 것입니다.
Radware (NASDAQ: RDWR) a signé un accord de fournisseur de services de sécurité gérés (MSSP) avec Cirion Technologies, élargissant ainsi leur relation commerciale existante. Cirion, un fournisseur d’infrastructure numérique de premier plan en Amérique Latine, prévoit d’investir dans le Cloud DDoS Protection Service de Radware et de l’offrir à ses clients dans toute la région.
Présent dans 20 pays avec plus de 5 500 clients, Cirion vise à renforcer son offre de sécurité grâce à la solution de Radware. Ce partenariat permet à Cirion de fournir une protection automatique, une atténuation plus rapide et une meilleure précision à une large gamme de clients, allant des petites entreprises aux fournisseurs de services Internet.
Le portail multi-tenant de Radware simplifie la gestion et la surveillance des attaques pour les MSSP. Cirion propose déjà les services de protection des applications cloud de Radware, y compris le pare-feu d’application web et la gestion des bots. Cette relation élargie devrait ouvrir de nouvelles sources de revenus pour Cirion tout en fournissant une protection avancée contre les DDoS dans le cloud à travers l’Amérique Latine.
Radware (NASDAQ: RDWR) hat eine Vereinbarung mit Cirion Technologies über einen Managed Security Service Provider (MSSP) unterzeichnet, um ihre bestehende Kanalbeziehung auszubauen. Cirion, ein führender Anbieter digitaler Infrastruktur in Lateinamerika, plant, in Radwares Cloud DDoS Protection Service zu investieren und diesen Kunden in der gesamten Region anzubieten.
Cirion, das in 20 Ländern mit über 5.500 Kunden präsent ist, möchte sein Sicherheitsangebot mit Radwares Lösung verbessern. Die Partnerschaft ermöglicht es Cirion, automatisierten Schutz, schnellere Minderung und bessere Genauigkeit für eine breite Kundenbasis, von kleinen Unternehmen bis zu Internetdienstanbietern, bereitzustellen.
Das Multi-Tenant-Portal von Radware vereinfacht das Management und die Überwachung von Angriffen für MSSPs. Cirion bietet bereits Radwares Cloud-Anwendungs-Schutzdienste an, darunter Webanwendungsfirewall und Bot-Management. Die erweiterte Beziehung wird voraussichtlich neue Einnahmequellen für Cirion eröffnen und gleichzeitig fortschrittlichen Cloud-DDoS-Schutz in ganz Lateinamerika bereitstellen.
Positive
- Expansion of existing channel relationship with Cirion Technologies
- Potential for increased revenue through new MSSP agreement
- Access to Latin American market through Cirion’s presence in 20 countries
- Opportunity to serve a wide range of customers, from small businesses to ISPs
Radware’s expanded partnership with Cirion Technologies represents a strategic move to penetrate the Latin American market more deeply. This MSSP agreement could potentially boost Radware’s revenue streams in the region, although specific financial projections aren’t provided. The deal leverages Cirion’s extensive network across 20 countries and 5,500+ clients, which could significantly expand Radware’s customer base. However, investors should note that the impact on Radware’s financials may take time to materialize, as the service rollout and adoption rates are yet to be seen. The partnership aligns with the growing trend of outsourced security services, potentially positioning Radware for long-term growth in the rapidly evolving cybersecurity market.
This partnership signifies a strategic expansion of Radware’s Cloud DDoS Protection Service in Latin America. The collaboration with Cirion Technologies, a well-established infrastructure provider, could enhance Radware’s market presence and credibility in the region. Radware’s AI-powered solution offers advanced behavioral algorithms and automatic identification of harmful traffic, which are important in combating sophisticated DDoS attacks, including the emerging layer 7 Web DDoS threats. The multi-tenant portal provided to MSSPs is a key differentiator, allowing for scalable and efficient management of multiple clients. This move aligns with the increasing demand for hosted security services, potentially positioning Radware as a leading player in the Latin American cybersecurity market.
The MSSP agreement between Radware and Cirion Technologies taps into the growing cybersecurity market in Latin America. With cyber threats escalating, there’s an increasing shift towards outsourced security services, especially in emerging markets. Cirion’s extensive presence in 20 countries and its diverse client base provide Radware with a significant opportunity to expand its market share. The offering of Radware’s solutions as a service aligns with the trend towards cloud-based, scalable security solutions. However, the success of this partnership will depend on factors such as competitive pricing, service quality and the rate of digital transformation in the region. Investors should monitor the adoption rate and revenue growth from this partnership in future quarters to gauge its impact on Radware’s overall performance.
Expands relationship, enabling Cloud DDoS Protection for organizations across Latin America
MAHWAH, N.J., Sept. 09, 2024 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it signed a managed security service provider (MSSP) agreement with Cirion Technologies. Based on the agreement, Cirion Technologies, a more than 30-year veteran and leading provider of digital infrastructure, plans to invest in Radware’s industry-leading Cloud DDoS Protection Service and offer it as a service to customers across Latin America. The MSSP agreement represents an expansion of an existing channel relationship between Radware and Cirion.
Driven by its commitment to innovate and anticipate, Cirion was looking to further enhance its security offering and deliver even more advanced network protection for its customers. Today, Cirion is recognized as one of the few Pan Latin American networks, present in 20 countries with more than 5,500 Latin American and multinational clients. In addition, the company operates 18 data centers across Latin America and more than 95 direct connections to carriers and cloud providers.
“Through our strategic partnership with Radware, we intend to offer our customers a premium security-as-a-service solution that delivers automatic protection, faster mitigation, better accuracy, and excellence in service and support,” said Eduardo Freitas, senior director of data products at Cirion. “Radware’s unique and customized MSSP model not only enables us to get into market faster, but also meet the DDoS protection needs of a wide range of customers across the region—from small businesses and enterprises to downstream internet service providers.”
To help MSSPs extend their services and scale support across thousands of customers, Radware offers a carrier-grade scalable platform and fully integrated cloud portal. The multi-tenant portal centralizes and simplifies attack management and real-time monitoring as well as delivers detailed analytics and easy-to-read reporting for critical infrastructure assets.
As an existing Radware channel partner, Cirion also offers its customers Radware’s Cloud Application Protection Services. This includes Radware’s industry leading web application firewall, bot management, and API and client-side protection services. Customers can manage the integrated best-in-suite solution through a single pane of glass, helping to reduce operational costs and prevent zero-day attacks.
“We look forward to an expanded relationship with Cirion, helping them open new revenue streams while delivering state-of-the-art cloud DDoS protection for organizations across Latin America,” said Arie Simchis, Radware’s regional director in Latin America. “As cyber attacks increase in sophistication and grow exponentially in number, more organizations are opting for hosted security services and entrusting leading providers like Cirion with protecting their networks and applications.”
Radware’s AI-powered Cloud DDoS Protection Service is designed to automatically identify and surgically block harmful traffic without disrupting legitimate traffic. Using advanced behavioral algorithms, the solution instantly adapts DDoS defenses based on the specific attacker. It not only mitigates DDoS attacks but also safeguards the network, optimizes application performance, and maintains availability during attacks, including the latest wave of layer 7 Web DDoS attacks.
Radware has received numerous awards for its application and network security solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.
About Radware
Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.
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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.
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Radware
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FAQ
What is the new agreement between Radware and Cirion Technologies?
Radware (RDWR) signed a managed security service provider (MSSP) agreement with Cirion Technologies, allowing Cirion to invest in and offer Radware’s Cloud DDoS Protection Service to customers across Latin America.
How does this agreement expand Radware’s presence in Latin America?
The agreement with Cirion Technologies, which operates in 20 Latin American countries and serves over 5,500 clients, allows Radware (RDWR) to extend its Cloud DDoS Protection Service to a wide range of customers across the region.
What services does Radware (RDWR) provide through this partnership?
Through this partnership, Radware provides its Cloud DDoS Protection Service and Cloud Application Protection Services, which include web application firewall, bot management, and API and client-side protection services.
How does Radware’s Cloud DDoS Protection Service benefit customers?
Radware’s AI-powered Cloud DDoS Protection Service automatically identifies and blocks harmful traffic without disrupting legitimate traffic, adapts defenses based on specific attackers, and safeguards networks while optimizing application performance during attacks.