Radware®, a global provider of application delivery and application security solutions for virtual and cloud data centres headquartered in Tel Aviv, has completed the acquisition of Vancouver web performance developer Strangeloop Networks, reportedly paying in the neighbourhood of 14 million dollars to complete the transaction.
Today’s enterprises are characterized by strong adoption of software-as-a-service (SaaS) and cloud-based services, creating a new reality with the distance rapidly lengthening between end users and the applications they are accessing. In addition, this year has been heralded by industry analysts as the year that mobile phones will surpass PCs as the most common device for accessing web applications. Employees, partners and customers will now predominantly access enterprise web applications from anywhere at any time without being tethered to either central or branch offices.
While this represents a potential boon to productivity and efficiency, there is a downside. Network latency significantly increases, degrading end-user quality of experience (QoE), thus placing at risk the very same productivity gains. Complexity also increases as web applications have higher payloads and longer rendering times, not often designed for mobile access. This growing latency and complexity challenge, is driving the need – especially for online businesses that heavily rely on customer-facing web applications – for web performance acceleration solutions.
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. Existing customers will receive support from Radware’s world-class, 24×7 global technical support organization starting immediately.