Nasdaq-listed cyber security company Radware has entered into a definitive agreement to acquire bot management solutions provider, ShieldSquare. The transaction is expected to close during the first quarter of 2019, subject to customary closing and regulatory conditions. Financial terms of the acquisition were not disclosed.
Radware will offer ShieldSquare’s management and mitigation product under the new Radware Bot Manager product line. This new addition to Radware’s product portfolio will integrate with Radware’s attack mitigation solution.
Founded in 2014, ShieldSquare is one of the pioneers in the bot mitigation industry. According to Forrester, ShieldSquare has strong differentiation on the Attack Detection, Threat Research, Reporting, and Analysis categories.
“This acquisition allows us to expand our portfolio with robust bot management solutions that strongly fit our strategic goal to continue and deepen our integrated portfolio, organically and inorganically,” said Roy Zisapel, CEO of Radware, a cyber security company with offices in the US and Israel. “Bot management can stand alone as product offerings as well as integrate into our suite of attack mitigation solutions. We chose ShieldSquare because of their strong technology synergy, advanced machine learning capabilities, and the opportunity to expand Radware’s existing cloud security services. These Bot-Management services along with Radware’s Cloud WAF services offer comprehensive protection of applications. We are excited to welcome the ShieldSquare team into the Radware family.”
Mitigating Ecommerce Attacks
The new solutions would enhance Radware’s existing cloud security protection to cover more crafted ecommerce attacks affecting emerging problems including: Data harvesting and Scraping Attacks; Account creation and Account Takeover Attacks; Denial of Inventory, Application DDoS & Brute Force Attacks, Brand Image / Reputation Attacks.
“More than 50% of the Internet traffic today comes from bots, and while we’ve seen an increase in bot-based attacks in recent years, ‘good’ bots still play an important role in applications’ operations,” said David Aviv, Radware Chief Technology Officer (CTO) at Radware. “As such, organizations need to look for bot management solutions that not only effectively detect and mitigate bot attacks, but also can accurately distinguish between ‘good’ and ‘bad’ bots in real-time.”