RCS - Corero Network Sec. - Q4 2024 New Customer Wins and Expansions

Corero Network SecurityAnnouncement

14/11/2024 07:00

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RNS Number : 1701M  Corero Network Security PLC  14 November 2024

14 November 2024

Corero Network Security plc

("Corero" or the "Company")

 

Q4 2024 New Customer Wins and Expansions

 

Continued sales momentum delivered in Q4 from both new and existing customers

 

 

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 that the Company has made good progress during Q4 2024 to date
securing new contracts for its market-leading SmartWall ONE(TM) DDoS
protection solutions (the "Orders").

 

Q4 2024 has seen continued momentum with the addition of new customer mandates
and upselling into existing customers across multiple selling regions. These
wins further strengthen Corero's position as a trusted provider to both new
and long-standing customers globally.

 

Total contract value secured Q4 2024 to date is $1.7 million; details of
selected orders are summarised below:

 

·    New customer: 3-year contract with a leading Icelandic IT services
provider to support their high media tenant profile of national enterprises
and government agencies. The architecture solution deployed allows the
customer to meet regulatory requirements of in-country traffic treatment,
providing a competitive edge over its competition.

 

·    New customer: 1 year contract with an independent agency of the US
federal government to provide DDoS protection services to one of its major
research centres.

 

·    Existing customer renewal and expansion: 3-year contract with a
growing UK-based hosting provider, focussed mainly on the UK and EU markets.
This deal extends and expands the existing relationship as Corero continues to
support the customer's growing business infrastructure.

 

·    Existing customer renewal and expansion: 3-year contract with an EU
government department to upgrade existing hardware and expand the existing
solution to include SecureWatch® Managed Services.

 

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"I'm pleased to report that Q4 continues to deliver new sales momentum. We
have already delivered both new customer mandates alongside strategic growth
within our existing blue chip client base in key global territories.

 

Our ability to secure new corporate clients, in addition to further
strengthening our ties with trusted partners, underscores the confidence our
customers place in Corero to protect their critical operations."

 

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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