Corero nets £1m from two cyber-security orders

(Sharecast News) - Corero Network Security on Tuesday confirmed the receipt of two orders for its SmartWall technology for a total of $1m.A $0.6m order from a global cloud security outfit consists of multiple SmartWall 100Gbps products with supporting SecureWatch services for one year and follows a successful trial which ended with the customer concluding that the technology was best-placed to protect its cloud security offering.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."Meanwhile, the AIM traded company also secured a $0.4m order expansion from a previous customer which includes multiple SmartWall products with supporting SecureWatch services for three years.The SmartWall solution is designed to mitigate DDoS attacks, in which the perpetrator seeks to make a machine or network resource unavailable to its intended users, in real-time, unlike many of its competitors which can take 20 minutes or more to detect and successfully defeat an attack.Corero said that further orders are anticipated from both customers in the final quarter of the year as part of their ongoing expansion and SmartWall deployment plans."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," said Lloyd.Corero's shares were up 4.11% at 11.40p at 1215 BST. Corero Network