RCS - Corero Network Sec. - Significant June 2024 New Customer Wins

Corero Network SecurityAnnouncement

10/07/2024 07:00

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RNS Number : 7665V  Corero Network Security PLC  10 July 2024

10 July 2024

Corero Network Security plc

("Corero" or the "Company")

 

Significant June 2024 New Customer Wins

 

Total contract value $2.2 million

 

Corero (https://www.corero.com/) (AIM: CNS)
(https://www.londonstockexchange.com/stock/CNS/corero-network-security-plc/company-page)
(OTCQB: DDOSF) (https://www.otcmarkets.com/stock/DDOSF/overview) , the
distributed denial of service ("DDoS") protection specialists, is pleased to
announce that the Company has received significant new orders for its
market-leading SmartWall ONE(TM) DDoS protection solutions to close out Q2
2024, continuing Corero's robust 2024 customer acquisition momentum (the
"Orders").

 

The following Orders, which have a total contract value of $2.2 million, are
summarised below:

 

·    New customer: 3-year, $1 million plus contract with a top-10 US fiber
provider, with Corero replacing the incumbent solutions provider in a number
of the provider's US data centres. Corero is deploying its suite of
sophisticated DDoS mitigation solutions, including the Company's
market-leading application SmartWall ONE(TM).

 

·    New customer: a North American network neutral interconnection,
co-location and data centre specialist, with Corero replacing the existing
DDoS protection provider. Corero is deploying a solution comprising of
SmartWall ONE(TM) as well as SecureWatch® Managed Services and Cloud
Mitigation functionality.

 

·    New customer: a Canadian major utility owned regional communications
and internet service provider. Corero is implementing the Company's SmartWall
ONE(TM) solution, augmented by the Service Portal and the recently launched IP
Intelligence service, to provide world-class service availability for the
client.

 

·    New customer: a leading UK provider of business-to-business
connectivity solutions and services. This new customer chose SmartWall ONE(TM)
as the solution allows for scale and flexibility to facilitate the provider's
rapid growth trajectory.

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"These key customer wins build on our continued new business momentum
generated throughout Q2 2024, with all four choosing to replace their existing
solutions with Corero's market-leading SmartWall ONE(TM) technology.

 

Securing these significant new mandates completes a successful half-year
period for the Company and provides a strong base from which we can further
grow our global market presence and enhance our service offering in the
remainder of the year and beyond."

 

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

 Stuart Andrews / Alice Lane

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

 

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 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 OTCQB market (OTCQB: DDOSF).

 

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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