Radware Discloses Contract Renewal by Large Financial Services Company

MT Newswires Live

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Radware (RDWR) said on Thursday it has signed a multi-year, multi-million-dollar contract renewal to provide cybersecurity services for an unnamed "Fortune 500 financial services and payments company and top 10 US merchant acquirer."

Financial terms and other details of the new contract were not disclosed but Radware said the deal represents its largest cloud security services agreement yet, with the customer using Radware's full suite of network and firewall protections to repel potential distributed denial-of-service attacks and other malicious online activity.

Radware shares recently were fractionally lower in midday trading on Thursday.

Price: 23.70, Change: -0.16, Percent Change: -0.69

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