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

Corero Network SecurityAnnouncement

22/03/2016 07:00

RNS Number : 8146S
Corero Network Security PLC
22 March 2016
22 March 2016
Corero Network Security plc
("Corero" or the "Company")
Significant Contract Win
Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce a significant order for its SmartWall Threat Defense System ("SmartWall TDS") from a US-based international hosting provider. The customer is one of the world's largest hosting companies.
Valued at $0.7 million, the order is Corero's largest to date in the fast-growing Cloud/Hosting market segment, and follows a successful Proof of Concept trial during which Corero was able to demonstrate the effectiveness of automatic, in-line, real-time DDoS protection. 
The solution comprises multiple Corero SmartWall TDS products deployed in the hosting provider's global data centres, with supporting SecureWatch services for one year, which will enable the customer to provide protection from DDoS attacks for its clients.
Ashley Stephenson, CEO of Corero, said:
"There is growing demand in the hosting provider market for DDoS protection and Corero has secured another important win with a flagship customer. SmartWall TDS continues to prove its market leadership capabilities."
Enquiries:
Corero Network Security plc
Andrew Miller, Chief Financial Officer
Tel: 01895 876 382
FinnCap
Stuart Andrews/Carl Holmes (corporate finance)
Tel: 020 7220 0500
Stephen Norcross (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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