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Part of the Tel Aviv-based Rad Group, Radware recently reported quarterly earnings up 30 percent year-over-year, some of that growth fueled by its $17 million acquisition of Nortel's former Alteon application delivery assets. Radware bought the Alteon piece from bankrupt Nortel in February 2009, and revived Alteon as a product line nine months later.
Colby pointed to Gartner's recent naming of Radware to the leaders category of its 2010 Magic Quadrant for application delivery controllers as evidence the Alteon buy has worked out in Radware's favor.
"We've done a huge amount with the technology in the space of just over a year," he said. "It's been great for Alteon customers, and I think we executed very well."
Bart Graf, principal of Integration Partners Corp., a Boston-based solution provider and CRN Fast Growth VAR, said that Radware's continued focus on the Alteon product line, and bulking up the rest of its portfolio, has kept it dynamic.
"Radware provides us with the products, tools and support that has allowed us to develop our business, and, with Radware's excellent vision for the ADC and Security markets, we believe that we can continue to address the evolving needs of the data center," said Graf in a statement.
Radware's recent product updates included a virtual version of its ADC line. The company's continued growth in 2010 has also meant frequent mentions as an acquisition target.
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