Corero Network Security PLC Customer wins (8155E)
23 October 2018 - 5:00PM
UK Regulatory
TIDMCNS
RNS Number : 8155E
Corero Network Security PLC
23 October 2018
23 October 2018
Corero Network Security plc
("Corero" or the "Company")
Corero secures customer orders worth $1.0 million
Corero Network Security plc (AIM: CNS), the network security
company, is pleased to announce a $0.6 million order for its
100Gbps SmartWall(R) Threat Defense System ("SmartWall") technology
with a global cloud security company; and a $0.4 million expansion
order for Corero's 10Gbps SmartWall technology from an existing
customer.
The $0.6 million new customer order consists of multiple
SmartWall 100Gbps products with supporting SecureWatch(R) services
for one year. It follows a successful proof-of-concept trial which
recognised SmartWall as the technology best-placed to protect the
customer's cloud security offering following its move to 100Gbps
internet connectivity in its data centres, a move necessitated by
its business needs. The $0.4 million existing customer order, which
includes multiple SmartWall products with supporting SecureWatch(R)
services for three years, forms part of this customer's ongoing
global deployment of SmartWall.
Further orders are anticipated from both customers in the final
quarter of 2018 as part of their ongoing expansion and SmartWall
deployment plans.
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.
Andrew Lloyd, Corero President and EVP Sales and Marketing,
said:
"To have secured another new customer for our 100Gbps SmartWall
technology following a rigorous selection process is particularly
pleasing and highlights the key competitive advantages and
uniqueness of our solution. We look forward to expanding our
relationship with this customer as they deploy additional 100Gbps
connectivity, which we expect will require additional SmartWall
purchases.
"We anticipate demand for our technology to accelerate as we
benefit from the combination of growth in adoption of faster
100Gbps links coupled with increasing end-user service-level
expectations, resulting in the requirement for Service Providers,
Cloud Providers and Enterprises to instigate a DDoS protection
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 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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