RCS - Corero Network Sec. - Contract Win <Origin Href="QuoteRef">CNSP.L</Origin>

Corero Network SecurityAnnouncement

29/02/2016 07:11

RNS Number : 3873Q
Corero Network Security PLC
29 February 2016
29 February 2016
Corero Network Security plc
("Corero" or the "Company")
Contract Win
Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce its first significant order for its SmartWall Threat Defense System ("SmartWall TDS") from a European regional service provider.
The order, valued at more than $200,000 follows a successful Proof of Concept trial during which Corero was able to demonstrate the effectiveness of automatic, in-line, real-time DDoS protection. The customer is one of the fastest growing service providers in Belgium.
The solution comprises multiple Corero SmartWall TDS products, with supporting SecureWatch services for one year, which will enable the customer to not only protect its infrastructure from DDoS attacks but to also offer DDoS Protection as a Service to its growing customer base.
Ashley Stephenson, CEO of Corero, said:
"The opportunity for Corero in the European service provider and hosting provider markets is significant. The SmartWall TDS 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. Corero looks forward to reporting on further successes in this sector in the coming months."
Enquiries:
Corero Network Security plc

Andrew Miller, Chief Financial Officer
Tel: 01895 876 382


FinnCap

Stuart Andrews/Carl Holmes (corporate finance)
Tel: 020 7220 0500
Stephen Norcross (corporate broking)



Redleaf Communications
Tel: 020 7382 4747
Rebecca Sanders-Hewett/David Ison/Susie Hudson
cns@redleafpr.com


About Corero Network Security
Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online 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 next-generation technology provides a First Line of Defense 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 company news service from the London Stock Exchange
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