Telecom Sector, Government and PSUs Fuel Radware Growth in India
NEW DELHI, India – February 24, 2016 – Radware®(NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions ensuring optimal service level for applications in virtual, cloud and software defined data centers, today released its 2015 growth report for India. The customer base and revenues both registered an uptick during 2015. Radware’s customer base has grown immensely with the increase in demand for application delivery controllers and application security solutions, and the company is well on track to acquire leadership position.
Radware Continues To Grow Revenues And Gain More Customers
Radware’s India revenues in 2015 saw an impressive increase of 24.5% over 2014. The company’s acquisition of new clients jumped 33% while its revenues from existing clients saw an uptick of 11%. The company also experienced robust growth of 20% in its security solutions offering and 14% in its Application Delivery Controller (ADC) offerings.
By the close of 2015, Radware has made impressive gains across telecom, government, BFSI and enterprise sectors. Company’s revenues from telecom sector alone saw an upsurge of 54%.
Pointing towards the global trend holding ground in India too, Mr Nikhil Taneja, Managing Director – India & SAARC at Radware said, “Rising demand from cloud and communications service providers, and prioritization of ADCs for IPv4-IPv6 address translation are the key driver of the application delivery and application security solutions market in India, as it is globally. ADC market in India is expected to grow between 8 to 10 percent till 2018, and we intend to leverage upon this growth as well. We feel great about the fact that we have been able to understand the customers’ emerging requirements and serve them with the right kind of products.”
Radware Is Moving In The Right Direction
“The emphasis on ease of application delivery to stakeholders and application security for virtual, cloud and software-defined data centers has fueled Radware’s growth in India,” said Roy Zisapel, President and Chief Executive Officer of Radware. “We have remained committed to the India market for the past 14 years. Because of this dedication, along with our comprehensive application delivery and attack mitigation technology and customer centric approach, we are in the perfect position to grow our market share in this region.”
The ADC and application security solution industry is expected to grow a faster clip in 2016, and Radware aims to solidify and strengthen its market position and be poised for future growth. Placed in the Leaders’ quadrant by Gartner, Radware has focused on its core strengths – innovating and evolving its technology – and delivered them to the customers across different market domains.
Radware’s India charge has been ably led by its Managing Director for India & SAARC region, Nikhil Taneja. Mr Taneja lead Radware’s India presence to its leading position since the time it started, with his connects with the large enterprises and key channel partners. Some of the biggest customer acquisitions have his stamp on them.
“Through Mr. Taneja’s successful management over the past 14 years, Radware has grown to become a trusted leader for Application Delivery and attack mitigation in India,” added Mr. Zisapel. “We are proud to elevate him to Managing Director, India & SAARC region for Radware, and we trust he will continue to play an instrumental part in our future growth.”
Radware’s technology portfolio allows the organization to utilize advanced application delivery services in the most efficient and cost-effective way. This ensures businesses see an optimal service level delivery and receive a fast return on their investment. Alteon® NG is Radware’s next generation application delivery controller (ADC) is the only ADC that guarantees application service levels with the ability to assign a fully isolated vADC per application or service. Alteon NG has a deep set of integrated security capabilities, including DDoS, SSL inspection, device/user fingerprinting, and defense messaging capabilities. Radware leads the industry with their unified management and orchestration framework for ADC and security technologies. Radware application delivery architecture supports SDN and NFV environments to meet the evolving data center environment requirements.
Radware has the ambitious plans of expanding its business units and partners in the SAARC countries by setting up dedicated team and is expecting good business growth from this region.
# # #
Radware® (NASDAQ: RDWR), is a global leader of application delivery and cyber security solutions for virtual, cloud and software defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing IT efficiency. 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 www.radware.com
Radware encourages you to join our community and follow us on: Facebook, Google+, LinkedIn, Radware Blog, SlideShare, Twitter, YouTube, Radware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats. ©2016 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.
Safe Harbor Statement
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. For example, when we say “Radware is confident this strong growth will continue in 2016.” we use a forward-looking statement. 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 and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on 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, reference is made to Radware’s Annual Report on Form 20-F which is on file 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.