Corero Network Security PLC $1.0 million of customer wins (6575B)
03 February 2020 - 6:00PM
UK Regulatory
TIDMCNS
RNS Number : 6575B
Corero Network Security PLC
03 February 2020
3 February 2020
Corero Network Security plc
("Corero" or the "Company")
$1.0 million of customer wins
Corero Network Security plc (AIM: CNS), the network security
company, is pleased to announce two new customer wins for its
SmartWall(R) DDoS protection product and an additional purchase
from an existing customer, totaling $1.0 million over the course of
the contracts.
The new customers are as follows:
-- a US regional service provider of internet and telephony
services to business and private customers. The order is for
multiple SmartWall 10Gbps solutions with a supporting one-year
contract for SecureWatch(R) services; and
-- a US-based provider of hosting, data protection and
colocation services, who will deploy SmartWall 10Gbps products at a
number of its sites with a supporting three-year contract for
SecureWatch(R) services.
The deployment of these Corero SmartWall solutions will enable
these customers to provide DDoS protected services to their
end-user customers, which is an important part of their respective
offerings given the increasing threat of and growth in DDoS
attacks.
The additional order is from an existing 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.
Ashley Stephenson, Corero CEO, said:
"We have made a stong start to 2020 with these new and existing
customer wins demonstrating the increasing traction for our
SmartWall products."
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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constitute inside information as stipulated under the Market Abuse
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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