Corero Network Security PLC Significant Contract Win (2950Z)
December 14 2017 - 1:00AM
UK Regulatory
TIDMCNS
RNS Number : 2950Z
Corero Network Security PLC
14 December 2017
14 December 2017
Corero Network Security plc
("Corero" or the "Company")
Corero Network Security Selected to Power New Cyber Security
Service to be Launched by Leading Internet Service Provider
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 to
power a new 'DDoS Mitigation' service which is being launched by a
leading North American regional Internet service provider ("the
Provider").
This $300,000 competitor displacement order follows a successful
proof-of-concept trial which saw the advanced capabilities of the
SmartWall solution recognised in comparison to the Provider's
existing technology provider.
The Corero SmartWall solution mitigates DDoS attacks in
real-time, unlike many of its competitors which can take up to 20
minutes or more to detect and successfully defeat an attack.
The Provider's 'DDoS Mitigation' security service will protect
its customers from malicious DDoS traffic launched from across the
Internet, further supporting the Provider's initiatives for
competitive differentiation and customer satisfaction.
The Provider will use a range of Corero SmartWall products as
well as:
-- SecureWatch(R) services (one year contract) - provides
customers with support and maintenance of the SmartWall software
and access to DDoS attack forensics and analytics, and
-- Corero Service Portal - a portal which enables providers to
onboard customers, assign DDoS protection service levels and view
attack dashboards for each customer to whom the service is
provided. Protected customers can login to their own view, to
access traffic and DDoS attack reporting and analytics, and
understand the value of the DDoS protection they are receiving.
SmartWall enables providers to expand their suite of services
and increase per customer service revenues.
Andrew Lloyd, Corero President and EVP Sales and Marketing,
said:
"This customer win reinforces our claim that SmartWall is the
leading real-time DDoS mitigation solution. The order is also
another example of SmartWall being deployed at a provider whose
core network is built on Juniper Networks routing and switching
network technology. We are also particularly pleased to be working
with a service provider who, like Corero, prides itself on customer
delight."
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 digital 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
END
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