Computer Business Review
Radware Ltd, a Tel Aviv, Israel-based start-up specializing in internet traffic management tools, is planning to raise $434m from an initial public offering of 3.5 million common shares to be issued at $13 to $15 a share. The company will tap the windfall from the flotation on Nasdaq to finance growth and general corporate purposes, its statutory filing with the Securities and Exchanges Commission lodged last week reveals. If demand is particularly high, underwriters Saloman Smith Barney, CIBC World Markets and US Bancorp Jaffray have an option to step in and buy an extra 525,000 shares.
The company's three product lines provide web traffic management for different parts of computer networks. They include Web Server Director which distributes internet protocol traffic among multiple servers and applications giving continual access to servers. Radware's client roster includes carrier, Bell Atlantic Corp, chip giant, Intel Corp and financial news provider, Bloomberg LP.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
GET CBR'S DAILY MORNING UPDATE
Unable to register now
Trending on CBR
How to Smash the Reporting Bottleneck
Top 7 reasons why Microsoft Office is the ideal report design, document generation and mail merge tool.
ECM or best of breed WCM
Different technologies for different needs. SDL Tridion is a best of breed vendor that provides persuasive web content management solutions that...
This paper examines the ways in which organisations can tap into Web 2.0 interaction as part of the marketing strategy and tactics to create...
Travelers Migrates Mission-Critical SAS Applications from Solaris to Red Hat Enterprise Linux on HP ProLiant Servers
In 2005, after observing the insurance industry’s growing awareness of and interest in Linux, Travelers began testing the viability of deploying...
Procorre - Professional IT and Computer Consultancy
Procorre consultancy provides IT and technology strategy solutions to maximise performance of clients' IT assets and investments.
Geodis Wilson - High Tech Freight Management Services
Geodis Wilson is a leading global freight management company, providing IT solutions based on transparent e-Services and delivering tailor-made,...
Teneo - Infrastructure Management, Performance and Virtualization Services
Teneo is an infrastructure optimization company, providing solutions that help customers with the management, performance and virtualization of...
VMware - Virtualisation and Cloud Infrastructure
VMware (NYSE: VMW), the global leader in virtualisation and cloud infrastructure, delivers customer-proven solutions that significantly reduce IT...