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Pin to quick picksCorero Network Regulatory News (CNS)

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Customer Win

2 Jul 2018 07:00

RNS Number : 1267T
Corero Network Security PLC
02 July 2018
 

2 July 2018

Corero Network Security plc

("Corero" or the "Company")

 

CUSTOMER WIN

 

$0.5 million customer order for SmartWall 100Gbps

 

Corero Network Security plc (AIM: CNS), the global network security company, is pleased to announce a $0.5 million order for its new 100G SmartWall® Threat Defense System ("SmartWall") technology with a North American service provider (the "Customer").

 

The order consists of multiple SmartWall 100Gbps products with supporting SecureWatch® services for one year. It follows a successful proof-of-concept trial, which included the evaluation of competitors, with SmartWall recognised as the technology best-placed to meet the Customer's requirements.

 

The Corero SmartWall solution mitigates DDoS attacks in real-time, unlike many of its competitors which can take up to 20 minutes or more to detect and successfully defeat an attack.

 

The deployment of SmartWall will enable the Customer to protect its customers from malicious DDoS traffic launched from across the Internet globally. This will provide the Customer with further competitive differentiation from its peers and heightened long-term customer satisfaction.

 

Andrew Lloyd, Corero President and EVP Sales and Marketing, said:

 

"We are delighted to have secured another customer for our new 100Gbps SmartWall DDoS mitigation technology, having only introduced it in late 2017, following a multi-year development program. To secure this order after a rigorous selection process is also highly gratifying and highlights the key competitive advantage of our solution.

 

"We anticipate demand for our technology to accelerate during 2018 as we benefit from the combination of growth in adoption of faster 100Gbps links and increasing end-user service-level expectations resulting in the requirement for Service Providers, Cloud Providers and Enterprises to instigate a DDoS mitigation technology upgrade."

 

Enquiries:

 

Corero Network Security plc

Andrew Miller, CFO

Tel: 01895 876 382

Cenkos Securities plc

Tel: 020 7397 8900

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 the 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
CNTUKUSRWOANUAR
Date   Source Headline
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2nd Oct 20237:00 amRNSSignificant Customer Momentum
21st Sep 20237:01 amRNSDirectorate Change
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29th Mar 20235:35 pmRNSHolding(s) in Company
15th Feb 20237:00 amRNSDirectorate Change
3rd Feb 20239:31 amRNSHolding(s) in Company
3rd Feb 20239:30 amRNSHolding(s) in Company
17th Jan 20237:00 amRNSTrading Update
16th Dec 20227:00 amRNSHolding(s) in Company
7th Dec 20229:05 amRNSExercise of Options and Total Voting Rights
5th Dec 20223:09 pmRNSHolding(s) in Company
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10th Oct 20222:15 pmRNSExercise of Options and Total Voting Rights
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16th Sep 202210:30 amRNSExercise of Options and Total Voting Rights
13th Sep 20227:00 amRNSUnaudited H1 2022 Interim Results

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