- Private equity firm Siris Capital is in talks to acquire cybersecurity firm Radware Ltd RDWR, CNBC reports.
- Radware has a market valuation of $1.7 billion and competes with Cloudflare NET, F5 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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