Overview
Radware Ltd. is a renowned global provider specializing in cutting-edge cybersecurity and application delivery solutions designed for physical, cloud, and software-defined data centers. Established in 1997, Radware is a publicly traded company on NASDAQ under the ticker RDWR. Its corporate headquarters is located in Mahwah, New Jersey, while its global headquarters is based in Ramat HaHayal, Tel Aviv, Israel.
Leadership
The company is led by Roy Zisapel, who has held the roles of President, Chief Executive Officer, and a Director since its inception. A pivotal leader, Zisapel owns a 3.4% stake in Radware. Supporting him in key leadership roles are Doron Abramovitch, Chief Financial Officer until June 2021, and Gabi Malka, Chief Operating Officer and Head of Products & Services.
Financial Performance
For the fiscal year 2024, Radware reported a revenue of $275 million, reflecting a 5% increase year-over-year. Its cloud annual recurring revenue (ARR) reached $77.3 million, marking a 19% year-over-year rise. Notably, Q4 2024 revenue was $73 million, demonstrating a 12% increase from the previous year. As of February 2025, the company's market capitalization stood at $947 million.
Products and Services
Radware offers an extensive portfolio that includes cloud services like Cloud WAF, Cloud DDoS Protection, and Cloud Workload Protection. The company also provides robust security solutions such as DefensePro and AppWall, complemented by application delivery and load balancing solutions like Alteon and FastView.
Market and Clientele
Operating globally, Radware distributes its products through a network of distributors and resellers across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its clientele spans numerous sectors including financial services, insurance, e-commerce, manufacturing, government, healthcare, and education. Noteworthy clients include Switch, Hexatom, QuadraNet, and ProtonMail.
Recent Developments and Industry Recognition
A strategic acquisition in January 2019 enhanced Radware's cloud security portfolio with the addition of ShieldSquare, a leading bot management provider. The company's industry stature is underscored by recognitions such as being named a leader in DDoS Prevention by Forrester and winning the WAF and Anti-DDoS Vendor of the Year at the 2019 India ICT Awards by Frost & Sullivan. Radware's 2024 Cyber Threat Report highlighted a significant 550% surge in Web DDoS attacks.
Competitive Landscape
Radware navigates a dynamic competitive landscape against companies specializing in cybersecurity and DDoS mitigation. Prominent competitors include:
1. F5 Networks: Known for application security and performance, offering products under BIG-IP and F5 NGINX. F5 excels in cloud application services and security solutions.
2. Cloudflare: A major player in network services that boost website security and performance, renowned for its content delivery and cloud security capabilities.
3. Akamai Technologies: The leading cloud computing and content delivery network solutions provider, noted for web performance and DDoS mitigation services.
4. Imperva: Focuses on security for critical data and applications, excelling in risk management and real-time protection, predominantly in financial and telecom sectors.
5. A10 Networks: Provides advanced network security and application delivery, particularly noted for supporting 5G and multi-cloud environments.
Industry Position and Market Insights
Radware competes in a fast-paced industry where technological evolution influences competitive dynamics. Competitors leverage robust financial resources and a wide customer base, offering comprehensive products for DDoS protection and security. The market competition centers on technological offerings and strategic partnerships.
Challenges and Opportunities
Radware's competitors' resource channels and technological innovation present challenges but also opportunities to differentiate. Radware can leverage its unique strengths, focusing on tailored protection services and emphasizing real-time threat intelligence and integrated security solutions to address evolving industry needs. By keeping abreast of industry shifts and continuous innovation, Radware maintains its leadership in cybersecurity solutions.
