REG - Corero Network Sec. - Contract Win <Origin Href="QuoteRef">CNSP.L</Origin>

Corero Network SecurityAnnouncement

26/04/2016 07:05

RNS Number : 2807W
Corero Network Security PLC
26 April 2016
26 April 2016
Corero Network Security plc
("Corero" or the "Company")
Contract Win
Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce the first order for its SmartWall Threat Defense System ("SmartWall TDS") from a German regional service provider.
The order, valued at $0.3 million, follows a successful Proof of Concept trial during which Corero was able to demonstrate the effectiveness of automatic, in-line, real-time DDoS protection against products from multiple competitors. The customer is a successful German regional service provider delivering Internet and telephony services to consumers and businesses.
The solution comprises multiple Corero SmartWall TDS products, with supporting SecureWatch services for one year, which will enable the customer to not only protect its infrastructure from DDoS attacks but to also offer DDoS Protection as a Service to its growing customer base.
Ashley Stephenson, CEO of Corero, said:
"The German market is an important target for Corero, being the largest economy in Europe. Corero DDoS protection is already used by several hosting providers in Germany and we have seen DDoS attacks on German networks increase over the past year. This deal, at more than twice the size of previous contracts, represents our first regional service provider win. We are confident we can continue to grow our market share in Germany."
Enquiries:
Corero Network Security plc

Andrew Miller, CFO
Tel: 01895 876 382


Cenkos Securities plc
Tel: 020 7397 8900
Bobbie Hilliam - NOMAD
Alex Aylen - Corporate Broking



Redleaf Communications
Tel: 020 7382 4747
Rebecca Sanders-Hewett/David Ison/Susie Hudson
 cns@redleafpr.com

About Corero Network Security
Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online 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 next-generation technology provides a First Line of Defense 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

This information is provided by RNS
The company news service from the London Stock Exchange
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