Radware Acquiring SecurityDAM for $30 Million to Accelerate Cloud Security Services

Radware is acquiring SecurityDAM for $30 million as part of a strategic initiative to accelerate the growth of its cloud security services business.

SecurityDAM is a distributed denial of service (DDoS) network operator. It supplied Radware with scrubbing center services for the provision of Radware’s Cloud DDoS Protection Service.

Radware is acquiring SecurityDAM for $30 million with contingent payments of up to $12.5 million based on the performance of Radware’s cloud DDoS protection service after the deal.

As part of the initiative, Radware plans to grow its innovation center in India. Moreover, it plans to further expand its cloud network footprint and capacity, and its cloud services division.

New Partner Opportunities

Sharon Trachtman is Radware’s chief business operations officer.

Radware’s Sharon Trachtman

“The strategic cloud initiative means improved innovation, integration and service excellence across Radware’s cloud services,” she said.

For Radware partners, it will create more opportunities for selling and cross-selling the company’s cloud portfolio, Trachtman said. It also provides an “even more competitive product offering.”

Demand for cloud security services is growing, Trachtman said. Companies are accelerating their digital transformations and cloud migrations to stay competitive.

As the demand for agile application development grows, the exposure to cyber risks also increases, she said.

“Our cloud initiative will enable us to offer our partners and their customers even more security innovations and protection in the current threat landscape,” Trachtman said.

Cloud Security Initiative

Radware plans to open new and expand existing cloud security centers in major cities around the world. It also plans to continue innovating across its cloud security data center architecture.

Furthermore it will advance its service availability and protection level with new cloud service enhancements. Those include a new portal for its DDoS protection service, enhanced DNS attack detection and prevention, and an integrated global content delivery network service with hundreds of cloud centers globally and based on AWS CloudFront.

“We’ll be able to scale our cloud services capacity faster to help our partners respond to the growing volume of threats and offer more unique security innovations in the domains of application and infrastructure protection,” Trachtman said.