RCS - Corero Network Sec. - New Agreements Expand Latin America Presence

Corero Network SecurityAnnouncement

18/02/2025 09:15

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RNS Number : 5196X  Corero Network Security PLC  18 February 2025

18 February 2025

 

Corero Network Security plc

("Corero" or the "Company")

 

New Agreements Further Expand Corero's Latin America Presence

 

Corero wins new contract in Brazil and enters Peru through a regional
partnership

 

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 customer and a partnership deal in Latin America to further expand
the Company's footprint in the region.

 

New Contract Win - via TechEnabler

 

The Company's existing channel partner TechEnabler has recently secured a new
contract to implement Corero's SmartWall ONE solution for a leading
telecommunications provider in Brazil. This agreement marks a key win in the
regional DDoS protection landscape, as the customer transitioned from an
incumbent solution to Corero's technology.

 

Based in São Paulo, TechEnabler has over 25 years of expertise in
telecommunications and IT, specialising in technology integration and digital
transformation.

 

New Regional Partnership - A51 Technology

 

Corero is also expanding into Peru through a new partnership with A51
Technology, a firm with over 20 years of experience in cybersecurity
solutions. A51 specialises in protecting the integrity, confidentiality, and
availability of information, helping businesses navigate an increasingly
connected world.

 

Continued investment in regional alliances is a key pillar of the Company's
reinvigorated go-to-market strategy, and this partnership will enable Corero
to target new mandate opportunities across Peru to help businesses fortify
their networks against evolving DDoS threats.

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"Latin America is a key growth market for Corero as we remain fully focused on
investing in long-term profitable expansion. TechEnabler has already proven to
be a valued partner in Latin America, and this new contract win speaks volumes
of the strategic importance of these regional partnerships which continue to
drive new business.

 

We are also delighted to sign our first Peruvian partnership and look forward
to welcoming A51 Technology into our growing regional network as we focus on
capitalising on new customer opportunities in the Latin American region."

 

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 (Financial PR and Investor Relations)           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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