MAHWAH, N.J. -- Radware (NASDAQ: RDWR), the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and Web-enabled applications over IP, today announced that it has signed a definitive agreement to acquire assets of V-Secure Technologies, a leading provider of behavior-based network intrusion prevention solutions in a cash transaction valued at $ 15 million in addition to warrants for the purchase of 45,500 Radware shares at an exercise price of $22 a share. The completion of the transaction is subject to standard conditions to closing.

Radware plans to integrate V-Secure's technology for self-learning networks into Radware's APSolute application delivery solutions. Upon closing, Radware will acquire V-Secure intellectual property, technology, inventory, customer lists and additional assets. According to Roy Zisapel, Radware's CEO, "The integration of V-Secure's behavior-based expert system with our APSolute architecture for application-smart networking enables us to take application delivery and security to the next level. The combined technology solution provides more intelligent ways to analyze and quickly adapt to changing application traffic patterns, enabling our customers to align network behavior with their dynamic business environments."

V-Secure developed its patent-pending technology for adaptive, self-learning networks as a core engine to provide superior, real time intrusion prevention against DoS attacks, SYN floods, bandwidth consumption attacks, malicious network scanning activities, worms and most types of misuses of TCP and application resources. V-Secure's behavior-based expert system technology can identify network attacks from a collection of vague, ambiguous, or imprecise information and successfully mitigate those attacks, with on-the-fly creation of traffic filters. With no human intervention, the system automatically determines the optimal counter-measure for an attack and activates that proactive defense mechanism without affecting legitimate traffic. When used for real-time security protection, V-Secure's technology minimizes false positives with a decision engine that constantly checks the results of an action to learn whether that action should be continued, refined or stopped.

The combination of V-Secure's behavior-based IPS technology with Radware's multi-gigabit DefensePro product will provide customers with a security solution that has both content-based and rate-based IPS certification from the NSS Group, a prestigious independent security testing facility.

"In addition to providing a core engine for ensuring zero-day protection against emerging security threats in real-time, our patent-pending technology for self-learning networks also provides enabling technology for optimizing application delivery over IP networks," said Izhar Shay, Chairman and CEO of V-Secure. "I am pleased to see our technology provides an even broader value proposition as part of Radware's integrated application delivery solution for addressing the full range of availability, performance and security challenges facing enterprises and carriers."

Radware Ltd.