A report on the CNBC economy website suggests that investment fund Syris Capital is in talks with a company Radware (Radware), which deals with cyber security and data traffic management on the Internet, in connection with its acquisition for at least $ 1.7 billion. The company was founded by the Israeli Zisapel family in 1997 and has been traded on the NASDAQ since 1999. The family owns about 13% of Radware’s shares.
Radware’s market value currently stands at $ 1.68 billion, with the stock soaring 35% since the beginning of the year, and looking at the last 12 months the jump is 55%. Tonight, as a result of the report, the company’s share is up 6%.
Radware has more than 1,000 employees and has an international headquarters in Tel Aviv and an American headquarters in New Jersey.