Two companies involved in making it easier and safer to access software on mobile devices are becoming one.
Tel Aviv-based Radware (Nasdaq:RDWR) announced February 7 that it is buying Vancouver's Strangeloop for an undisclosed amount.
Radware makes software that increases the efficiency and security of virtual and cloud data centres. Stangeloop makes software that helps speed the response-time of various applications. For example, one product simplifies and streamlines web pages in real time.
"Combining our offerings with Radware, which is a recognized market leader in application delivery solutions, will enable our clients to outpace their competitors on speed, reliability and overall performance," said Strangeloops's president Joshua Bixby.
Vancouver's TechVibes has been speculating for years that Strangeloop would be acquired.
The company's core product is the Strangeloop Site Optimizer, which automatically streamlines web page HTML codes and resources, allowing pages to load faster in browsers.
Radware, meanwhile, has made various other acquisitions including:
- buying Nortel's Alteon Application Delivery for an undisclosed amount in February 2009; and
- spending $16 million to buy Covelight Systems in April 2007.
