Benzinga | Sep 14, 2021 07:33AM EDT

Radware In Talks To Go Private: CNBC

* Private equity firm Siris Capital is in talks to acquire cybersecurity firm Radware Ltd (NASDAQ:RDWR), CNBC reports.

* Radware has a market valuation of $1.7 billion and competes with Cloudflare (NYSE:NET), F5 Networks Inc (NASDAQ:FFIV), and Akamai Technologies Inc (NASDAQ:AKAM), protecting corporate websites from attacks by malicious actors.

* Growing cyber-attacks have helped Cloudflare shares gain 270% in the last year, attracting private equity firm's attention to the business.

* Price Action: RDWR shares closed higher by 4.28% at $36.52 on Monday.