Corero Network Security PLC $1.6 million of customer orders secured (0633R)
February 26 2019 - 1:00AM
UK Regulatory
TIDMCNS
RNS Number : 0633R
Corero Network Security PLC
26 February 2019
26 February 2019
Corero Network Security plc
("Corero" or the "Company")
$1.6 million of customer orders secured
Strong customer traction achieved across Corero's product
portfolio
Corero Network Security plc (AIM: CNS), the network security
company, is pleased to announce three customer orders totaling $1.6
million, which comprise:
-- an expansion order for SmartWall 10Gbps solutions from an existing SaaS customer;
-- a DDoS Protection as a Service ("DDPaaS") order for SmartWall
100Gbps solutions with a new service provider customer; and
-- a Support and SecureWatch security services contract renewal for a hosting provider customer.
The expansion order includes multiple SmartWall products with a
supporting three year contract for SecureWatch(R) services, forming
part of the customer's ongoing global deployment of SmartWall.
The DDPaaS contract, which is Corero's largest to date, is a
three year agreement for Corero to deliver SmartWall DDoS
appliances for this US service provider's 100Gbps infrastructure
enabling it to provide DDoS protected services to its
customers.
The Support and SecureWatch services contract is the third
consecutive annual renewal for a leading US based hosting provider.
The agreement will see Corero continue to supply support and
SecureWatch managed security services for the customer's global
SmartWall installation, which provides real-time DDoS
mitigation.
Ashley Stephenson, Corero CEO, said:
"We are delighted to have made a positive start to 2019. These
significant customer orders further demonstrate the continued
demand for our SmartWall appliance product, a growing demand for
our subscription-based DDoS Protection offering and ongoing repeat
demand for our highly rated Support and SecureWatch services."
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
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END
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