Corero Network Security PLC DDoS protection "as-a-service" contract win (6423C)
April 19 2017 - 1:00AM
UK Regulatory
TIDMCNS
RNS Number : 6423C
Corero Network Security PLC
19 April 2017
19 April 2017
Corero Network Security plc
("Corero" or the "Company")
DDoS protection "as-a-service" contract win
Corero Network Security plc (AIM: CNS), the AIM listed network
security company, is pleased to announce that its SmartWall(R)
Threat Defense System ("SmartWall") technology has been selected by
a Global Tier 1 Internet service provider to deliver a new DDoS
mitigation security service.
Corero has signed a multi-year SmartProtect agreement to provide
its SmartWall products and SecureWatch services as part of the roll
out of DDoS Protection as a Service (DDPaas) to the service
provider's customers.
SmartProtect is Corero's comprehensive solution for enabling
DDoS Protection as-a-Service (DDPaas). SmartProtect is designed for
the broad ecosystem of service providers - hosted, managed and ISP
- giving operators of all sizes the capability to deliver
high-value, premium DDPaaS to their customers, with an attractive
economic model.
The contract provides for Corero to receive a share of revenue
generated by the service provider for subscriptions to the new
service.
This service provider operates one of the world's Tier 1 IP
networks and provides IP transport, MPLS transport services,
managed services, voice and unified communications to enterprise,
government, and carrier customers in over 100 countries.
Ashley Stephenson, CEO of Corero, commented:
"This contract win is a strong endorsement of the competitive
leadership of SmartWall and the compelling commercial benefit of
our SmartProtect program. Delivering large scale DDoS mitigation
with an economic model that is aligned to the success of selling
DDoS protection security services is a win-win situation for Corero
and the service provider. We look forward to working in partnership
with this provider as the service rolls out over the coming months
to its significant customer base."
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876
382
Cenkos Securities plc Tel: 020 7397
8900
Bobbie Hilliam - NOMAD
Alex Aylen - Corporate Broking
Redleaf Communications Tel: 020 7382
4747
Rebecca Sanders-Hewett/David Ison/Susie cns@redleafpr.com
Hudson
About Corero Network Security
Corero Network Security is the leader in real-time,
high-performance DDoS defense solutions. Service providers, hosting
providers and online enterprises rely on Corero's award winning
technology to eliminate the DDoS threat to their environment
through automatic attack detection and mitigation, coupled with
complete network visibility, analytics and reporting. This
next-generation technology provides a First Line of Defense(R)
against DDoS attacks in the most complex environments while
enabling a more cost effective economic model than previously
available. For more information, visit www.corero.com
This information is provided by RNS
The company news service from the London Stock Exchange
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