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

Corero Network SecurityAnnouncement

20/09/2016 07:05

RNS Number : 2437K
Corero Network Security PLC
20 September 2016
20 September 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 top ten US cable operator.
The order, valued at over $0.2 million, is an initial deployment with additional orders anticipated in 2017. It follows a successful Proof of Concept trial and competitive procurement process. The cable operator is a leading service provider focused on the smaller cities and towns in the United States serving both consumers and businesses with communication and entertainment services.
The solution comprises multiple Corero SmartWall TDS products, with supporting SecureWatch services for one year.
Ashley Stephenson, CEO of Corero, said:
"This contract win builds on our recent successes with service providers in the US and Europe. SmartWall TDS continues to prove its market leading capabilities in automatic, in-line, real time DDoS protection."
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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