Siris Capital to acquire cybersecurity firm Radware
By MYBRANDBOOK
According to sources, Radware is in talks to sell itself to private equity firm Siris Capital. No deal is assured and talks still may fall apart.
With a market valuation of about $1.7 billion, Radware competes with companies including Cloudflare, F5 and Akamai, protecting corporate websites from targeted denial-of-service attacks by malicious actors. Cloudflare, in particular, has seen its shares surge in the past year as investors have seen the rising importance of defending cybersecurity attacks. Cloudflare shares have gained about 270% in the past 12 months.
Radware has more than 1,000 employees and has an international headquarters in Tel Aviv and a U.S. headquarters in Mahwah, New Jersey.
Private equity firms have become increasingly interested in acquiring cybersecurity companies as the threat of attacks has increased. Global deal volume for private equity cybersecurity deals surpassed $23 billion in 2021 last month, a record high for the industry, according to Pitchbook. Thoma Bravo’s $12.3 billion acquisition of Proofpoint in April was the largest-ever private equity buyout of a cybersecurity firm.
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
FIREBOLTT
QUICK HEAL TECHNOLOGIES PVT. Ltd.
CP PLUS INDIA PVT. LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
SONATA INFORMATION TECHNOLOGY LIMITED
Sonata Software Limited is a leading Modernization engineering company...