Radware Acquires Strangeloop Networks
Feb 14, 2013 (Close-Up Media via COMTEX) --
Radware, a provider of application delivery and application security solutions for virtual and cloud data centers, announced that it has completed the acquisition of Strangeloop Networks, a company focusing on the Web performance acceleration domain.
According to a release, Strangeloop's technology accelerates web applications for companies such as O'Reilly Media, Petco, Wine.com and other global e-commerce sites and SaaS providers. Using an advanced set of proprietary site acceleration treatments to simplify and streamline web pages in real-time, Strangeloop is able to deliver page content in the most efficient way possible. This enhances a site visitor's experience leading to greater conversion rates which in turn, can increase online revenues.
"By accelerating the web application response time of an enterprise, Radware can enhance their business performance as well as employee productivity," says Ilan Kinreich, chief operating officer, Radware. "This is an invaluable capability as we've seen an aggressive adoption of SaaS, mobile and cloud technologies where user response time is critical for business continuity."
Kinreich added, "Additionally, online retailers and financial services are dependent on their customer-facing web applications. Therefore, speed and performance are two of the most critical factors in order to increase customer satisfaction, conversion rates and generate revenue."
Joshua Bixby, president of Strangeloop Networks added, "Strangeloop's technology is providing critical web performance optimization solutions. Combining our offerings with Radware, a recognized market leader in application delivery solutions, will enable our clients to outpace their competitors on speed, reliability and overall performance."
Strangeloop's products will continue to be sold and will now be offered under the Radware FastView brand name. The offering includes multiple form factors: physical appliance, virtual appliance and cloud service. Future development plans include integration of the Strangeloop technology into Radware's industry-awarded Alteon application delivery controller (ADC), for offer as an integral software module.
Support for Strangeloop customers will be seamless, the companies noted. Existing customers will receive support from Radware's 24x7 global technical support organization starting immediately.
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