Radware (NASDAQ:RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced that Caifu Securities Company Limited (Caifu Securities) has successfully deployed Radware’s intelligent application delivery controller (ADC) AppDirector and AppXcel, as the core part of its online business platform upgrade. The use of this solution has provided optimal utilization of network server resources and improved network performance as well as enhanced stability and reliability for online stock transactions.
Caifu Securities has 15 branch operations in China including Beijing and Shanghai. About 25,000 of its 150,000 customers typically trade online. To cope with the dramatic increase of online trading and to relieve strain of the network, Caifu Securities expanded network bandwidth and increased its number of servers. However, these measures did not completely solve the problems faced such as server failure issues and thus, the company called on Radware to provide the most appropriate solution for this situation.
“With Radware’s application delivery solution, we are using our network resources to the fullest,” said Tan Yi, Senior Engineer at Caifu Securities’ Information Center. “We deployed AppDirector and AppXcel to build a resilient infrastructure, enabling a seamless transition in case of system failure. This has significantly improved the performance and stability of the client service system. Moreover, Radware provides powerful network management functions, which can help our network administrators detect and record server abnormalities effectively, making maintenance easier.”
“The stock market in China is growing rapidly and online transactions are becoming the trend. This is why high level performance, availability and stability of our network applications are crucial for Caifu’s future business development.” Yi further elaborated.
Radware installed AppDirector platforms on the front-end of application servers at Caifu Securities’ main and branch offices. Different server groups were set up for different network applications. Each server group provides one virtual IP (VIP) address for external users. When users gain access through this VIP address, the AppDirector can determine which applications are available on any given server. In addition, by implementing an intelligent load balancing algorithm, potential problems can be easily managed including traffic surges, server bottlenecks, connectivity disconnects and downtime. By deploying AppXcel with AppDirector, the solution accelerates delivery of SSL based transactions, reduces latencies of transmission control protocol (TCP) and “chatty” HTTP and improves transaction speeds and bandwidth consumption to provide immediate return on investment.
“The load balancing solutions provided by Radware are powered by advanced intelligent network switching technology that enables customers to maximize their existing IT resources,” said Harry Feng, China SE Director & Asia Pacific Technical Support Manager, Radware. “Our solution has greatly enhanced the network performance and availability of Caifu Securities’ business system. We’ve enabled them to optimize their IT infrastructure costs and ensured business continuity.”
About Radware
Radware (NASDAQ:RDWR), the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute™, Radware's comprehensive and award-winning suite of intelligent front-end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit www.radware.com.
About Caifu Securities Company Limited
Founded in August 2002, with total assets of around RMB 3.3 billion and net capital around RMB 1 billion, Caifu Securities Company Limited is the only reserved trust fund institution and the only non-bank financial institution that concurrently participates in the capital markets, money market and industry markets in Hunan province. The company is a joint venture invested by two current shareholders, namely, Hunan Trust and Investment Co., Ltd and Hunan State-Owned Assets Investment and Operations Company, with a registered capital of RMB 640 million. The company has made self-funded loans and investments amounting to RMB 6 billion on cumulative basis, realized profits and taxes of around RMB 700 million, and supported technology renovation of nearly one thousand state-owned enterprises, as well as key projects and the construction of financial resources within the province.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.