Corero Network Security PLC $1.8 million of customer orders secured (4029X)
19 December 2019 - 6:00PM
UK Regulatory
TIDMCNS
RNS Number : 4029X
Corero Network Security PLC
19 December 2019
19 December 2019
Corero Network Security plc
("Corero" or the "Company")
$1.8 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 additional SmartWall DDoS
protection product orders from both existing customers and a new US
research university Juniper SmartWall software subscription
customer, totaling $1.8 million over the course of the
contracts.
The additional orders from existing customers highlighted above
are as follows:
-- a global cloud security provider who will deploy additional
SmartWall 10Gbps products at a number of its sites with a
supporting three-year contract for SecureWatch(R) services, in
order to ensure it is protected from DDoS attacks as the business
continues to grow;
-- a SaaS customer for SmartWall 10Gbps solutions with a
supporting three-year contract for SecureWatch(R) services, forming
part of the customer's ongoing global deployment of SmartWall;
-- a US regional service provider for SmartWall 100Gbps
solutions for its ongoing upgrade to 100Gbps connectivity, with a
one-year contract for SecureWatch(R) services; and
-- a long-standing US regional service provider for SmartWall
10Gbps solutions with a two-year contract for SecureWatch(R)
services.
Ashley Stephenson, Corero CEO, said:
"We are pleased to have secured another new customer with
Juniper for the Corero SmartWall technology. In parallel, to have
added further SmartWall business from our existing customers as
their businesses grow, continues to contribute to our strong
momentum."
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876 382
Cenkos Securities plc Tel: 020 7397 8900
Ben Jeynes / 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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Regulation (EU) No. 596/2014 prior to release of this announcement.
Upon the publication of this announcement, this inside information
is now considered to be in the public domain.
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END
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