Israel’s Radware to acquire ShieldSquare
Israeli cyber security company Radware has agreed to acquire Bengaluru-based bot management solutions provider ShieldSquare.
The transaction is likely to close during the first quarter of 2019, subject to customary closing and regulatory conditions, Nasdaq-listed Radware said in a stock exchange filing. It didn’t disclose the financial details of the deal.
Owned and operated by Kaalbi Technologies Pvt. Ltd, ShieldSquare offers protection to internet properties against bot attacks and web scraping. Its solutions help online businesses differentiate between human and non-human traffic (bots) on websites and mobile applications. It offers attack detection, threat research, reporting, and analysis services to business.
Roy Zisapel, CEO, Radware, said: “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. Bot management can stand alone as product offerings as well as integrate into our suite of attack mitigation solutions.”
He also said that, considering ShieldSquare’s technology synergy and machine learning capabilities, the acquisition offers an opportunity for Radware to expand its existing cloud security services.
Zisapel added: “These bot-management services along with Radware’s Cloud WAF services offer comprehensive protection of applications.”