MAHWAH, N.J., March 31, 2009, Radware (NASDAQ: RDWR), the leading
provider of integrated application delivery solutions for business-smart
networking, today announced that it has completed the acquisition of assets
pertaining to Nortel’s [TSX: NT, OTC: NRTLQ] Layer 4-7 Application Delivery
Business for the amount of 18 million USD. Included in the acquisition are
Nortel’s application delivery products, certain related intellectual property assets,
tangible assets, inventory and service contracts in addition to a number of
employees related to this business.
A 5-year product support plan will be implemented immediately for all existing
Radware [Alteon] customers reinforcing the company’s commitment to the
product line and securing the investment of these customers in Alteon
technology. Radware plans to continue to sell these products under the Radware
Alteon brand and invest in their development - leveraging mutual strengths of
both Radware and Alteon technologies and experience - to provide customers
with the next generation of more reliable, high-performance and feature-rich
solutions.
"We are pleased that the acquisition has been completed and that Radware plans
to invest in the future of the Alteon product line, stated Bernd Schwefing COO of
Controlware GmbH. “This development commitment combined with their
expertise in the space and support guarantee gives us confidence that the
business and infrastructure interests of our customers will be well served."
“The addition of the Nortel [Alteon] business to Radware’s product portfolio was a
strategic decision to enhance our offering and enable us to leverage the mutual
strengths of both Radware and Alteon technologies, providing our customers with
the next generation of more reliable, high-performance and feature-rich solutions”,
affirmed Roy Zisapel, CEO Radware. We look forward to working with our
customers and providing them with the most technology-advanced solutions
available in the ADC market.”
“We are encouraged by the acquisition of the Alteon product line by Radware,"
stated Matthew Pingatore, President & CEO, Packet Fusion. "Not only will this
provide continuity to customers under the guidance of an experienced application
delivery provider, it will also present us with additional, value-added opportunities
to pursue as a partner."
“Radware’s acquisition of the application switching and acceleration products is a
good sign. We have enjoyed success in implementing and supporting these
products across the UK,” offered Stuart Brown, Product Manager at Maxima.
“Their assurance to evolve the product line and provide immediate,
knowledgeable technical support gives us confidence that our customers will be
well served.”
For additional information about the acquisition, please go
