INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

NOTE 8:-INTANGIBLE ASSETS, NET

a.Intangible assets:

	Weighted
	average
	amortization	December 31,
	Period	2019		2018
	(years)
Cost:
Acquired technology	8.5	$	32,946	$	25,561
Customers relationships and brand name	5.8		9,817		9,817
			42,763		35,378
Accumulated amortization:
Acquired technology			18,465		16,139
Customers relationships and brand name			9,817		9,772
			28,282		25,911
Intangible assets, net		$	14,481	$	9,467

Amortization expenses for the years ended December 31, 2019, 2018 and 2017 were $2,371, $948 and $1,231, respectively.

F - 34

RADWARE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands, except share and per share data

NOTE 8:-INTANGIBLE ASSETS, NET (Cont.)

Future estimated amortization expenses for the years ending:

December 31,
2020	$	1,891
2021		1,858
2022		1,858
2023		1,858
2024 and thereafter		7,016
Total	$	14,481

b.Goodwill:

	2019		2018
Balance as of January 1	$	32,174	$	32,174
Acquisitions		8,970		-
Balance as of December 31	$	41,144	$	32,174