Corero Network Security PLC Customer Win (1267T)
July 02 2018 - 1:00AM
UK Regulatory
TIDMCNS
RNS Number : 1267T
Corero Network Security PLC
02 July 2018
2 July 2018
Corero Network Security plc
("Corero" or the "Company")
CUSTOMER WIN
$0.5 million customer order for SmartWall 100Gbps
Corero Network Security plc (AIM: CNS), the global network
security company, is pleased to announce a $0.5 million order for
its new 100G SmartWall(R) Threat Defense System ("SmartWall")
technology with a North American service provider (the
"Customer").
The order consists of multiple SmartWall 100Gbps products with
supporting SecureWatch(R) services for one year. It follows a
successful proof-of-concept trial, which included the evaluation of
competitors, with SmartWall recognised as the technology
best-placed to meet the Customer's requirements.
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 deployment of SmartWall will enable the Customer to protect
its customers from malicious DDoS traffic launched from across the
Internet globally. This will provide the Customer with further
competitive differentiation from its peers and heightened long-term
customer satisfaction.
Andrew Lloyd, Corero President and EVP Sales and Marketing,
said:
"We are delighted to have secured another customer for our new
100Gbps SmartWall DDoS mitigation technology, having only
introduced it in late 2017, following a multi-year development
program. To secure this order after a rigorous selection process is
also highly gratifying and highlights the key competitive advantage
of our solution.
"We anticipate demand for our technology to accelerate during
2018 as we benefit from the combination of growth in adoption of
faster 100Gbps links and increasing end-user service-level
expectations resulting in the requirement for Service Providers,
Cloud Providers and Enterprises to instigate a DDoS mitigation
technology upgrade."
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876 382
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Ben Simons /Antonia Pollock
corero@vigocomms.com
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
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END
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