Israel's Radware Acquires Indian Anti-Bot Solutions Startup ShieldSquare for $15-20 Mn
Tel Aviv, Israel headquartered Radiant, a load balancing and cybersecurity services company, has announced that it has entered into a definitive agreement to acquire Bangalore-based ShieldSquare, a market-leading bot management solutions provider. The transaction is expected to close during the first quarter of 2019,
- The transaction is expected to close during the first quarter of 2019, subject to customary closing and regulatory conditions.
- Radware provided no details about the price of the deal, but it is believed to be in the $15-20 million range .
- As of the end of the third quarter of 2018, Radware had $382 million in cash.
- The deal is slated for completion during the first quarter of 2019.