Event: 2019 Phocuswright Europe
Product: Radware Bot Manager and Cloud Security Services
Category: Established Company
HQ: Tel Aviv, Israel
Principal(s): Roy Zisapel, CEO; Anna Convery, CMO; Doron Abramovitch, CFO; Carl Herberger, VP Security Business
Funding: Publicly traded on NASDAQ (RDWR)
Product Description: Radware Cloud Security Services provides 360-degree security for online applications. The services optimize the success of the application through enabling good bots and fends off bad bots, attacks, protects against known and unknown application vulnerabilities, prevents data breaches and leaks to ensure the reputation and growth of the online business. Services are enabled through simple DNS redirect and provide an integrated experience through a single management and reporting portal.
Business Model: Integrated Cloud Services using DNS redirect, managed through single online portal. The service is available through direct and partner sales. It also provides white-labeling for MSSP, CSP and resellers.
Competitors: Akamai, PerimeterX, Distil Networks, F5, Arbor, Imperva
Competitive Edge: Online application protection across web, mobile and APIs from OWASP Top 10 and OWASP Top 21 automated threats, DDoS attacks. Featuring innovative bot management services leveraging patented semi-supervised machine-learning technology.
Market Opportunity: Although bots in the form of applications or scripts have existed for well over a decade, such as search engine crawlers, security testing and exploitation tools, they are increasingly employed to abuse web application and API functionality. Fraudulent or abuse cases - content scraping, scalping, account takeover, ad fraud - are affecting a growing number of organizations' web, mobile and API assets. More and more distributed (DDoS) and 'low and slow' attacks are bypassing the existing web application security controls such as IP blacklisting and rate limiting. The rise of more sophisticated and specialized bots in recent years requires greater and broader sophistication in detection and response. Comprehensive application security is the only solution to battle the mutating bot attacks for the online enterprises.
Early Customers: Fareboom, TUI, Marriott Vacation Club, Copa Airlines, Avis (customers in various capabilities of the integrated services, the full service only launched recently and we are working on onboarding customers but cannot reference them as of yet)