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RCS - Corero Network Sec. - Creation of Strategic Latin American Partnership

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RNS Number : 8306D  Corero Network Security PLC  21 February 2024

21 February 2024

 

Corero Network Security plc

("Corero" or the "Company")

 

Creation of Strategic Latin American Partnership with TechEnabler

 

-      Accelerates Corero's International Expansion Strategy

-      Partnership Already Delivered $1 Million Deal

 

Corero Network Security plc (AIM: CNS), a leading provider of distributed
denial of service ("DDoS") protection solutions, announces an important
strategic partnership with TechEnabler, an established Brazilian network
solutions distributor (the "Partnership"). The Partnership will enable Corero
to expand its Latin American ("LATAM") footprint, which is a key focus of the
Company's overarching growth strategy, as it aims to provide unparalleled DDoS
protection across corporate and communications provider networks in Brazil and
the broader LATAM region.

 

Leveraging TechEnabler's extensive network and technical expertise, the
Partnership will enable Corero to deploy its flagship SmartWall® ONE platform
to new customers, offering robust defence mechanisms against the evolving
landscape of DDoS attacks and ransom threats. This Partnership is underpinned
by a revenue-sharing model, ensuring mutual benefits and success from both
organisations' combined efforts.

 

The Partnership has already secured Corero a product and services deal in
excess of $1 million, the Company's largest ever contract in the LATAM region,
showcasing the unique capabilities of TechEnabler's Local
Scrubbing-as-a-Service ("LSaaS") offering, using Corero's technology. The
service is designed to deliver zero latency and precise traffic management,
setting new standards in DDoS mitigation.

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"Creating this strategic partnership with TechEnabler provides an ideal
platform to expand our product reach in a key growth market for Corero,
alongside aligning our business with a partner who shares our commitment to
cybersecurity excellence.

 

This agreement reinforces our focus on security innovation, which in turn will
allow a new crop of businesses to fortify their networks against DDoS attacks
whilst exploring further opportunities to leverage our cutting-edge
solutions."

 

Alvaro Aquino, General Manager of TechEnabler, said:

 

"The Corero SmartWall® ONE platform effectively protects companies and
carriers against DDoS attacks and ransom threats. Our business success with
Corero's technology since we partnered a little more than a year ago prompted
the new revenue-sharing agreement that will bring our companies closer,
certainly with even better outcomes for both."

 

Corero and TechEnabler's combined offerings will be showcased at the 14th
Brazilian Association of Internet and Telecommunications Service Providers
("ABRINT") National Meeting in São Paulo, Brazil, from 12-14 June 2024,
marking a significant milestone in our commitment to securing the digital
landscape in Brazil and LATAM.

 

About Corero Network Security

 

Corero Network Security is a leading provider of distributed denial of
service (DDoS) protection solutions. We are specialists in automatic
detection and protection solutions, that include network visibility,
analytics, and reporting tools. Corero's technology provides scalable
protection capabilities against both external DDoS attackers and
internal DDoS threats, in even the most complex edge and subscriber
environments, ensuring internet service availability and uptime. Corero's key
operational centres are in Marlborough, Massachusetts, USA, and Edinburgh,
UK, with the Company's headquarters in London, UK. The Company is listed on
the London Stock Exchange's AIM market under the ticker CNS.

 

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) .

 

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)

 

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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