Corero Network Security PLC Significant Contract Win (8819U)
October 30 2017 - 2:00AM
UK Regulatory
TIDMCNS
RNS Number : 8819U
Corero Network Security PLC
30 October 2017
30 October 2017
Corero Network Security plc
("Corero" or the "Company")
Corero announces first SmartWall customer win in Australia
Corero Network Security plc (AIM: CNS), the AIM listed network
security company, has secured its first SmartWall Threat Defense
("SmartWall") contract win in the Australian market.
The contract, worth more than US$200,000, is an expansion of an
existing Digital Enterprise customer's SmartWall deployment as this
customer rolls out real-time DDoS mitigation to its global
locations.
This additional contract win brings the total value of SmartWall
wins with this customer in 2017 to US$1.3 million.
The demand for Corero's SmartWall solution comes amid
high-profile commercial and industrial cyberattacks.
DDoS attacks are increasingly being used as a smokescreen for
breach and malware attacks, with Corero's target market for its
scalable SmartWall solution expanding beyond service providers and
hosting providers to include increasing numbers of digital
enterprises seeking always-on DDoS mitigation technologies.
Andrew Lloyd, Corero President and EVP Sales and Marketing,
said:
"Our unique technology addresses the increasing number of
digital enterprises seeking always-on real-time DDoS mitigation
solutions in response to the rampant growth of commercial and
industrial cybercrime.
"We are delighted to see SmartWall deployed in a new geography
and with an additional new Australian customer win anticipated
before the end of the financial year, we look forward to expanding
our presence in this market. We expect additional business from
this customer in the coming months as it further deploys Corero's
SmartWall technology across its global operations."
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876
382
Cenkos Securities plc Tel: 020 7397
8900
Mark Connelly/Bobbie Hilliam - NOMAD
Michael Johnson - Corporate Broking
Redleaf Communications Tel: 020 7382
4747
Elisabeth Cowell/Robin Tozer/Ian cns@redleafpr.com
Silvera
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 industry
leading technology provides cost effective, scalable protection
capabilities 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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