Corero Secures USD200,000 SmartWall Threat Defense System Order

LONDON (Alliance News) - Cyber security company Corero Network Security PLC said Wednesday it has secured a USD200,000 order for its SmartWall Threat Defense System product from an undisclosed European regional service provider.

Under the order Corero will provide protection against distributed denial of service attacks, a form of hack that makes on online service unavailable by overwhelming it with traffic from multiple sources, to "one of the fastest growing service providers in Belgium" and the provider's customer base.

"The opportunity for Corero in the European service provider and hosting provider markets is significant. The SmartWall Threat Defense System automatic, in-line and real-time DDoS mitigation technology is uniquely positioned to deliver infrastructure protection and revenue generating security services to this growing customer base," said Chief Executive Ashley Stephenson.

Corero shares were untraded on Monday, having last traded at 22.42 pence.

By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland

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