RCS - Corero Network Sec. - Customer Win - Forte Telecom

Corero Network SecurityAnnouncement

09/01/2025 07:00

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RNS Number : 6595S  Corero Network Security PLC  09 January 2025

9 January 2025

 

Corero Network Security plc

("Corero" or the "Company")

 

Customer Win - Forte Telecom

 

Strategic regional partnership further expands Latin America footprint

 

Corero (https://www.corero.com/) (AIM: CNS)
(https://www.londonstockexchange.com/stock/CNS/corero-network-security-plc/company-page)
(OTCQX: DDOSF) (https://www.otcmarkets.com/stock/DDOSF/overview) , the
distributed denial of service ("DDoS") protection specialists, is pleased to
announce a major new customer and strategic regional partner Forte Telecom,
one of the largest telecommunications providers in the state of Rio de
Janeiro, Brazil (the "Contract").

 

This DDoS protection as-a-service Contract, worth $1.2 million across three
years, marks a significant win for Corero and reinforces the Company's
position as a trusted provider of DDoS protection solutions in the region.

 

At the core of this deployment is Corero's newly released 400G appliance,
which will deliver industry-leading DDoS protection while streamlining
operations to meet Forte's evolving needs. By reducing hardware and
operational complexity, Corero's solution offers significant cost savings and
future-proof scalability, enabling Forte to handle growing bandwidth demands
and defend against increasingly sophisticated threats.

 

The Contract was signed in December 2024, with revenues falling into the
Company's next three financial years.

 

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"I am pleased to announce this new deal with Forte, a strategically important
customer acquisition for Corero as we aim to further consolidate our
reputation as a leading provider of DDoS protection and mitigation services in
Latin America.

 

We are excited to provide Forte with a cutting-edge solution that not only
delivers proven, reliable DDoS protection but also adapts and scales to
support the business as it continues to grow across Brazil."

 

 

Enquiries:

 

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

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

 Zeus Capital (Joint Broker)                                     Tel: +44(0)20 3829 5000

 Ben Robertson / Alexandra Campbell-Harris

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

 Harbor Access (Investor Relations)                              Tel: +1 475 477 9401

 Jonathan Paterson

 

About Corero Network Security

 

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

 

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

 

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