Radware In Talks To Go Private: CNBC

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  • Private equity firm Siris Capital is in talks to acquire cybersecurity firm Radware Ltd RDWRCNBC reports.
  • Radware has a market valuation of $1.7 billion and competes with Cloudflare NETF5 Networks Inc FFIV, and Akamai Technologies Inc AKAM, protecting corporate websites from attacks by malicious actors.
  • Growing cyber-attacks have helped Cloudflare shares gain 270% in the last year, attracting private equity firm's attention to the business.
  • Price Action: RDWR shares closed higher by 4.28% at $36.52 on Monday.
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