Radware In Talks To Go Private: CNBC

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.