RCS - Corero Network Sec. - Expansion of Strategic Partnership with Ingecom

Corero Network SecurityAnnouncement

07/03/2024 09:30

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RNS Number : 9891F  Corero Network Security PLC  07 March 2024

7 March 2024

 

Corero Network Security plc

("Corero" or the "Company")

 

Expansion of Strategic Partnership with Ingecom Ignition

 

Distribution Agreement to Deepen Corero's Italian Market Presence

 

Corero Network Security (AIM: CNS) (OTCQB: DDOSF), the specialists in
distributed denial of service ("DDoS") protection solutions, announces the
expansion of its successful partnership with Exclusive Networks' Ingecom
Ignition ("Ingecom"), a Value-Added Distributor ("VAD") and cybersecurity
solutions specialist, by signing a distribution agreement for the Italian
market.

 

Corero has marketed its DDoS protection solutions in both Spain and Portugal
since 2021 through its partnership with Ingecom, facilitating the Company's
growth in Southern Europe. The extension of this partnership provides Corero
with a platform to offer its cutting-edge cybersecurity solutions to the
Italian market whilst strengthening the commercial relationship between the
two companies.

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"We are delighted to expand our commercial relationship with Ingecom and look
forward to working alongside our trusted partner to help safeguard
organisations across Italy from highly disruptive and potentially
reputation-damaging cyberattacks through the provision of our market-leading
DDoS protection solutions.

 

EMEA is a key region for Corero and integral to our overarching global
expansion strategy. By continuing to harness the local expertise and extensive
distribution network of Ingecom, we aim to explore and capitalise on further
sales opportunities to broaden our reach within EMEA."

 

Javier Modúbar, CEO of Ingecom Ignition, commented:

 

"We have selected Corero as our partner because of their leadership in
preventing DDoS attacks. To address this threat, we sought a vendor that could
effectively cover DDoS attacks within our portfolio, and we believe Corero is
the ideal choice."

 

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 centers
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).

 

About Ingecom Ignition

 

Ingecom Ignition, a company of Exclusive Networks, is a Value-Added
Distributor (VAD) specialised in IT cybersecurity, OT/ICS and IXoT
cybersecurity, and cyber intelligence, founded in 1996 in Bilbao. With offices
in Bilbao, Madrid, Lisbon, and Milan, and presence in Barcelona and Rome, it
serves Spain, Italy, and Portugal. Currently, Ingecom employs about fifty
workers. The objective of Ingecom Ignition is to provide proven and approved
solutions to system network and security integrators, in addition to being in
constant contact with new technologies, so that any technological evolution
can be applied to customers as soon as possible.

 

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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