Radware (NASDAQ:RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced that Hong Kong Mercantile Exchange ("HKMEx") has deployed Radware's AppDirector 504 - OnDemand Switch with its full featured IPS functionality and protection capabilities including DoS shield, behavioral DoS and bandwidth management.
HKMEx is a newly established commodities exchange in Hong Kong. As a bridge for the international commodities markets with China, HKMEx provides an efficient and transparent pricing platform for end-users and the global trading community to trade tailor-made contracts, hedge pricing risks in China and across the region. With the new platform, HKMEx offers competitive transactions costs and ultimately increase participation with Chinese commodities traders.
In the last year, HKMEx hired Red Jasper, a business and technology consultant, to select a high-performance platform capable of being scalable to meet its business growth demands. At the same time, the platform was not to compromise performance or security. After a thorough assessment, Radware's OnDemand Switch with its full feature IPS capabilities was chosen amongst platforms.
"We selected Radware's OnDemand Switch as we were impressed by its exceptional performance especially concerning long-term scalability, creating unique business benefits and protection of our technology investment," said Mr. Kevin B. Iwanaga, Chief Technology Officer of HKMEx. "We are glad to have partnered with Radware and Red Jasper as they can deliver top-of-the-line hardware and software integration services, which will provide a secure online environment."
Mr. Bernard Tan, Principal Consultant of Red Jasper, said "We examined and compared the products available in the market and Radware's OnDemand Switch delivers the breakthrough performance and scalability needed in today's evolving market. It is also able to detect and react against network or server attacks in real-time. "Both Radware's Layer 4-7 performance in load balancing and comprehensive security features are unprecedented in the market and play an important role in helping us to deliver on customers' objectives," Mr. Tan continued.
"Our OnDemand Switch was designed with customers in mind," said Maurice Wong, Country Manager, Radware, Hong Kong. "Based on innovative architecture and an easily upgradeable license approach, customers will be able to scale easily with no need to swap out existing equipment. This results in the ability of our customers to easily meet their network and business needs more efficiently and effectively, avoiding unnecessary project migration downtime, extra costs and risks."