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

Corero Network SecurityAnnouncement

30/10/2017 07:01

RNS Number : 8819U
Corero Network Security PLC
30 October 2017
30 October 2017
Corero Network Security plc
("Corero" or the "Company")
Corero announces first SmartWall customer win in Australia
Corero Network Security plc (AIM: CNS), the AIM listed network security company, has secured its first SmartWall Threat Defense ("SmartWall") contract win in the Australian market. 
The contract, worth more than US$200,000, is an expansion of an existing Digital Enterprise customer's SmartWall deployment as this customer rolls out real-time DDoS mitigation to its global locations. 
This additional contract win brings the total value of SmartWall wins with this customer in 2017 to US$1.3 million.
The demand for Corero's SmartWall solution comes amid high-profile commercial and industrial cyberattacks. 
DDoS attacks are increasingly being used as a smokescreen for breach and malware attacks, with Corero's target market for its scalable SmartWall solution expanding beyond service providers and hosting providers to include increasing numbers of digital enterprises seeking always-on DDoS mitigation technologies. 
Andrew Lloyd, Corero President and EVP Sales and Marketing, said:
"Our unique technology addresses the increasing number of digital enterprises seeking always-on real-time DDoS mitigation solutions in response to the rampant growth of commercial and industrial cybercrime. 
"We are delighted to see SmartWall deployed in a new geography and with an additional new Australian customer win anticipated before the end of the financial year, we look forward to expanding our presence in this market. We expect additional business from this customer in the coming months as it further deploys Corero's SmartWall technology across its global operations." 
Enquiries:
Corero Network Security plc

Andrew Miller, CFO
Tel: 01895 876 382


Cenkos Securities plc
Tel: 020 7397 8900
Mark Connelly/Bobbie Hilliam - NOMAD
Michael Johnson - Corporate Broking



Redleaf Communications
Tel: 020 7382 4747
Elisabeth Cowell/Robin Tozer/Ian Silvera
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 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, visitwww.corero.com

This information is provided by RNS
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