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.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
TVS ELECTRONICS LTD.
TAC SECURITY SOLUTIONS
ATRIE TECHNOLOGY PVT. LTD.
LUMINOUS POWER TECHNOLOGIES PVT. LTD.
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: Girish Mathrubootham
Girsh Mathrubootham envisioned and co-founded Freshworks. Freshworks, ...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
BBNL empowering rural India digitally
BBNL provide high speed digital connectivity to Rural India at afforda...
C-DOT enabling India in indigenous design, development and production of telecom technologies
An autonomous telecom R&D centre of Government of India, Center of Dev...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...