REG - Corero Network Sec. - $1.6 million of customer orders secured

Corero Network SecurityAnnouncement

26/02/2019 07:05

RNS Number : 0633R
Corero Network Security PLC
26 February 2019
 


26 February 2019
Corero Network Security plc
("Corero" or the "Company")
 
$1.6 million of customer orders secured
Strong customer traction achieved across Corero's product portfolio
 
Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce three customer orders totaling $1.6 million, which comprise:
 
·   an expansion order for SmartWall 10Gbps solutions from an existing SaaS customer;
·  a DDoS Protection as a Service ("DDPaaS") order for SmartWall 100Gbps solutions with a new service provider customer; and
·   a Support and SecureWatch security services contract renewal for a hosting provider customer.
 
The expansion order includes multiple SmartWall products with a supporting three year contract for SecureWatch® services, forming part of the customer's ongoing global deployment of SmartWall.
 
The DDPaaS contract, which is Corero's largest to date, is a three year agreement for Corero to deliver SmartWall DDoS appliances for this US service provider's 100Gbps infrastructure enabling it to provide DDoS protected services to its customers.
 
The Support and SecureWatch services contract is the third consecutive annual renewal for a leading US based hosting provider. The agreement will see Corero continue to supply support and SecureWatch managed security services for the customer's global SmartWall installation, which provides real-time DDoS mitigation.
 
Ashley Stephenson, Corero CEO, said:
 
"We are delighted to have made a positive start to 2019. These significant customer orders further demonstrate the continued demand for our SmartWall appliance product, a growing demand for our subscription-based DDoS Protection offering and ongoing repeat demand for our highly rated Support and SecureWatch services."
 
Enquiries:
 




Corero Network Security plc


 




Andrew Miller, CFO


Tel: 01895 876 382




 


 




Cenkos Securities plc


Tel: 020 7397 8900




Mark Connelly - NOMAD
Michael Johnson - Sales


 




 


 




Vigo Communications


Tel: 020 7390 0230




Jeremy Garcia / Ben Simons /Antonia Pollock
corero@vigocomms.com


 



 
 
 



 
About Corero Network Security
 
Corero Network Security is a leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This industry leading technology provides cost effective, scalable protection capabilities against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com
 




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