Radware, the recent buyer of Nortel’s application delivery arm, claims a spate of new channel partnerships has enabled it to grab market share from rivals.

The Israel-based vendor posted a net profit on a generally accepted accounting principles basis of $0.2m (£123,000) in the third quarter, comparing favourably to an $8.5m loss last year.

Revenue for the three months to 30 September powered up 24 per cent year on year, and eight per cent sequentially, to $23.5m.

Radware closed its $18m purchase of Nortel’s Alteon business in April in a move designed to provide its customers with the next generation of application delivery controller (ADC) solutions.

Radware chief executive Roy Zisapel revealed that the vendor’s performance had been boosted by gains in the channel.

“For several quarters now we have been able to sequentially increase market share,” he said.

“This is a direct result of our ability to competitively win key customer accounts, strike several new distribution and reseller partnerships, and further capitalise on the Alteon acquisition while we continue to extend and innovate the capabilities of our solutions.”