[Calcalist] Riverbed and HP bid for Radware

 

Calcalist continues to provide hot M&A news (here) - today it is about Radware, a vendor of integrated application delivery and application security.

The site reported earlier today (here, Hebrew) that Riverbed has offered to acquire the company for $47/share, which represents a fully-diluted valuation of $1.03B. Previously, it was published that HP offered $45/share.

Radware (NASDAQ:RDWR) closed at $32.8 last week. The previous jump (see the chart below) was after the rumors of HP and IBM bidding for Radware (here). Calcalist reports that Radware's CEO, Roy Zisapel (picture), met last week with both Riverbed and HP and that Radware is asking for $53/share.

Radware already has an alliance with Riverbed - "the combination of Riverbed Technology's Steelhead appliance and Radware's LinkProof® switch enables secure branch office continuity while reducing costs" (here)