RCS - Corero Network Sec. - $1.8m Contract Win & Incumbent Replacement

Corero Network SecurityAnnouncement

11/04/2024 07:00

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RNS Number : 1079K  Corero Network Security PLC  11 April 2024

11 April 2024

 

Corero Network Security plc

("Corero" or the "Company")

 

Significant $1.8m Contract Win and Incumbent Replacement

 

Corero to supply DDoS protection to TierPoint, a leading IT platform solutions
provider

 

Corero Network Security (AIM: CNS) (OTCQB: DDOSF), the distributed denial of
service ("DDoS") protection specialists, is delighted to announce a new
partnership with TierPoint, a leading provider of secure, connected IT
platform solutions, to provide the backbone for its next-generation DDoS
defence infrastructure.

 

Corero replaces the incumbent solutions provider and will deploy its suite of
sophisticated DDoS mitigation solutions, including the Company's
market-leading application SmartWall ONE(TM), further reinforcing the superior
capabilities and value of Corero's DDoS protection offering.

TierPoint, with more than 800 employees and 40 data centres across 20 US
markets, serves thousands of customers domestically. This extensive scale
underscores the importance of advanced DDoS protection in safeguarding the
vast array of critical services and infrastructure TierPoint manages.

The $1.8m contract with TierPoint over a three-year period continues Corero's
significant new contract momentum in the cybersecurity space, further
cementing the Company's position as a preferred provider of innovative DDoS
protection solutions for enterprises worldwide.

 

Carl Herberger, Chief Executive Officer of Corero, commented:

 

"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.

 

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."

Paul Mazzucco, Chief Security Officer at TierPoint, commented:

"Corero's innovative approach and proven track record in DDoS protection were
key factors in our decision, highlighting their leadership and expertise in
the cybersecurity domain."

 

 

Enquiries:

 

 Corero Network Security plc                                   Tel: +44(0)20 7390 0230
 Carl Herberger, Chief Executive Officer
 Phil Richards, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser and Broker)      Tel: +44(0)20 7523 8000
 Simon Bridges / Andrew Potts / Harry Rees

 Vigo Consulting                                               Tel: +44(0)20 7390 0230
 Jeremy Garcia / Kendall Hill
 corero@vigoconsulting.com (mailto:corero@vigoconsulting.com)

 

About Corero Network Security

 

Corero Network Security is a leading provider of DDoS protection solutions,
specializing 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 OTCQB market (OTCQB: DDOSF).

 

For more information, visit www.corero.com (http://www.corero.com/) , and
follow us on LinkedIn (https://www.linkedin.com/company/corero/)
 and Twitter (https://twitter.com/Corero) .

 

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