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Corero Network up after inking cybersecurity contract with TierPoint

Thu, 11th Apr 2024 09:09

(Alliance News) - Corero Network Security PLC on Thursday announced a new partnership with TierPoint LLC, an IT platform solutions provider.

Corero Network Security is a London-based cybersecurity provider specialising in distributed denial-of-service protection solutions. Its shares were up 15% at 12.06 pence each in London on Thursday morning.

The firm's contract with Missouri-based TierPoint, which is worth USD1.8 million over three years, is for its distributed denial-of-service defence infrastructure. Under the partnership, Corero will replace the incumbent solutions provider, deploying its suite of distributed denial-of-service mitigation solutions.

"We are thrilled to welcome TierPoint into the Corero family. The partnership is testament to the hard work and tenacity of our entire team and underscores the trust and confidence businesses place in our premium DDoS solutions," said Chief Executive Officer Carl Herberger.

"This sizeable contract win not only highlights our market-leading product offering but further reinforces our ongoing commitment to providing unparalleled service and support across our global customer footprint."

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com