9 January 2025
Corero Network Security
plc
("Corero"
or the "Company")
Customer Win - Forte
Telecom
Strategic regional
partnership further expands Latin America
footprint
Corero
(AIM: CNS) (OTCQX:
DDOSF), the distributed denial
of service ("DDoS") protection specialists, is pleased to
announce a major new customer and strategic
regional partner Forte Telecom, one of the largest
telecommunications providers in the state of Rio de Janeiro, Brazil
(the "Contract").
This DDoS protection as-a-service
Contract, worth $1.2 million across three years, marks a
significant win for Corero and reinforces the Company's position as
a trusted provider of DDoS protection solutions in the
region.
At the core of this deployment is
Corero's newly released 400G appliance, which will deliver
industry-leading DDoS protection while streamlining operations to
meet Forte's evolving needs. By reducing hardware and operational
complexity, Corero's solution offers significant cost savings and
future-proof scalability, enabling Forte to handle growing
bandwidth demands and defend against increasingly sophisticated
threats.
The Contract was signed in December
2024, with revenues falling into the Company's next three financial
years.
Carl Herberger, Chief Executive
Officer at Corero, commented:
"I
am pleased to announce this new deal with Forte, a strategically
important customer acquisition for Corero as we aim to further
consolidate our reputation as a leading provider of DDoS protection
and mitigation services in Latin America.
We
are excited to provide Forte with a cutting-edge solution that not
only delivers proven, reliable DDoS protection but also adapts and
scales to support the business as it continues to grow across
Brazil."
Enquiries:
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Corero Network Security plc
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Tel: +44(0)20 7390 0230
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Carl Herberger, Chief Executive
Officer
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Chris Goulden, Chief Financial Officer
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Canaccord Genuity Limited (Nominated Adviser and Joint
Broker)
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Tel: +44(0)20 7523 8000
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Simon Bridges
/ Andrew Potts / Harry Rees
Zeus
Capital (Joint Broker)
Ben Robertson / Alexandra
Campbell-Harris
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Tel: +44(0)20 3829 5000
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Vigo
Consulting
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Tel: +44(0)20 7390 0230
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Jeremy Garcia / Kendall
Hill
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corero@vigoconsulting.com
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Harbor Access (Investor Relations)
Jonathan Paterson
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Tel: +1 475 477 9401
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About Corero Network Security
Corero Network Security is a leading
provider of DDoS protection solutions, specialising in automatic
detection and protection solutions with network visibility,
analytics, and reporting tools. Corero's technology protects
against external and internal DDoS threats in complex edge and
subscriber environments, ensuring internet service availability.
With operational centres in Marlborough, Massachusetts, USA, and
Edinburgh, UK, Corero is headquartered in London and listed on the
London Stock Exchange's AIM market (ticker: CNS) and the US OTCQX
market (OTCQX: DDOSF).
For more information,
visit www.corero.com,
and follow us on LinkedIn and X.
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