Skip to main content
NewslettersWatchlist

Radware Ltd(RDWR-Q)
NASDAQ

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Cyber Security Leader Radware Launches SkyHawk Security, a Spinoff of its Cloud Native Protector Business

Globe Newswire - Tue May 3, 2022

TEL AVIV, Israel, May 03, 2022 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced the spinoff of its Cloud Native Protector (CNP) business to form a new company called SkyHawk Security. To accelerate SkyHawk Security’s development and growth opportunities, an affiliate of Tiger Global Management will make a $35 million strategic external investment, resulting in a valuation of $180 million. Tiger Global Management is a leading global technology investment firm focused on private and public companies in the internet, software, and financial technology sectors.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe

globe investor
Hoka-owner Deckers’ shares breach $1,000 mark for the first time
Dr. Richard Ehrlich puts on his Hoka Stinson ATR trail running shoes in Caledon, Ontario, on Tuesday, December 23, 2014.
inside the market
Short sales on the TSX: What bearish investors are betting against
Larry MacDonald
inside the market
Reminder: The Globe Investing Club wants your stock picks
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26.
market news
The close: Stocks rebound amid encouraging U.S. economic data
Traders work on the floor of the New York Stock Exchange during morning trading on May 17.
inside the market
What every Canadian investor needs to know today
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. Wall Street stocks opened little changed May 17 after pulling back from a record run where the Dow exceeded 40,000 points for the first time. Around 10 minutes into trading the Dow Jones Industrial Average was steady at 39,872.66. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)
investment ideas
Bullish on Canadian National Railway Co.
Monica Rizk
globe investor
Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances
A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023.
market news
The close: Stocks fall despite Nvidia boost as U.S. inflation concerns weigh; Dow sees worst drop since March 2023 on Boeing woes
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 16.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2024.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).