Corero Network Security PLC Corero secures orders totalling over $1.0m (9057K)
December 19 2018 - 1:00AM
UK Regulatory
TIDMCNS
RNS Number : 9057K
Corero Network Security PLC
19 December 2018
19 December 2018
Corero Network Security plc
("Corero" or the "Company")
Corero secures orders for multi-year security services and
100Gbps products totalling over $1.0 million
Corero Network Security plc (AIM: CNS), the network security
company, is pleased to announce that it has secured three customer
orders totaling over $1.0 million, which includes:
-- $0.5 million expansion order for Corero's SmartWall(R) Threat
Defense System ("SmartWall") 100Gbps technology from an existing
customer;
-- $0.3 million DDoS Protection as a Service ("DDPaaS") order
with a new global hosting and colocation provider customer; and
-- $0.2 million support and SecureWatch managed security services contract renewal.
The expansion order, which includes multiple SmartWall 100Gbps
products with supporting SecureWatch(R) services for one year, will
protect the customer's cloud security offering following its
upgrade to 100Gbps internet connectivity in its data centres.
The new DDPaaS contract, which is Corero's largest single DDPaaS
customer to date, is a three year agreement for Corero to deliver
DDoS protection services for the customer's data centres in the US,
Australia and Asia.
The SecureWatch contract marks the fourth consecutive year that
this digital enterprise customer has renewed. The agreement will
see Corero continue to supply support and SecureWatch managed
security services for the customer's SmartWall installation, which
provides always-on real-time DDoS mitigation to protect the
customer's online business.
Andrew Lloyd, Corero President and EVP Sales and Marketing,
said:
"These customer wins are demonstrative of the increasing
traction we are seeing across our DDoS mitigation solutions, and in
particular, our 100Gbps SmartWall technology as the adoption of
faster and more economic 100Gbps links accelerates. This is
evidenced by the $2.0 million order intake our SmartWall 100Gbps
solution has generated in the last 12 months since launch.
"In addition, the SmartWall early adopter customer renewal we
have secured reflects our high levels of customer satisfaction that
we pride ourselves on and which underpin our exceptionally high
subscription and support renewal rates."
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 a 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTUWVORWVAUAUA
(END) Dow Jones Newswires
December 19, 2018 02:00 ET (07:00 GMT)
Corero Network Security (LSE:CNS)
Historical Stock Chart
From Apr 2024 to May 2024
Corero Network Security (LSE:CNS)
Historical Stock Chart
From May 2023 to May 2024