REG - Corero Network Sec. - Significant Strategic Global Partnership

Corero Network SecurityAnnouncement

20/09/2023 11:00

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RNS Number : 9572M  Corero Network Security PLC  20 September 2023

20 September 2023

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

Corero Network Security plc

("Corero", or "the Company")

 

Significant strategic global partnership announced between Corero and Akamai

 

Corero Network Security plc (AIM: CNS), the specialists in distributed denial
of service (DDoS) protection solutions, and Akamai Technologies, Inc. (NASDAQ:
AKAM), the cloud company that powers and protects life online, have entered
into a global partnership agreement with Akamai now offering Corero
on-premises DDoS protection to extend Akamai Prolexic, Akamai's own
comprehensive portfolio of DDoS security solutions.

 

Akamai Prolexic On-Prem (powered by Corero) will offer customers flexible,
automatic DDoS protection in their own networks, datacenters and self-hosted
environments using Corero's SmartWall ONE DDoS protection solutions. Akamai
Prolexic Hybrid will combine on-premises DDoS protection from Corero with
Akamai Prolexic cloud DDoS defense into a comprehensive hybrid DDoS protection
solution.

 

Both companies plan to deepen the collaboration further to provide
industry-leading infrastructure security solutions by extending seamless cloud
signaling, automation, and threat intelligence reporting.

 

This partnership will expand Corero's routes to market and deliver incremental
revenue growth opportunities for Corero.

 

Ashley Stephenson, Chief Technology Officer, commented:

 

"This global partnership, with a recognised industry leader, to extend the
Akamai Prolexic security offering with on-premises DDoS protection powered by
Corero, is a significant endorsement of our SmartWall ONE product family and
will strategically expand Corero's presence in the market.

 

"The combination of Corero and Akamai's highly complementary technologies for
on-premises and cloud DDoS defense will deliver a best-in-class hybrid DDoS
protection solution to meet the evolving needs of customers to provide
effective protection from one of the most prevalent forms of cyberattacks."

 

 

Enquiries:

 

 Corero Network Security plc                                 Tel: +44 (0) 20 7390 0230

 Jens Montanana, Executive Chairman

 Phil Richards, CFO
                                                             Tel: +44 (0) 20 7523 8000

 Canaccord Genuity Limited (Nominated Adviser and Broker)

 Simon Bridges / Andrew Potts / Harry Rees
                                                             Tel: +44 (0) 20 7390 0230

 Vigo Consulting

 Jeremy Garcia / Kendall Hill

 

About Corero Network Security

Corero Network Security is a leading provider of DDoS protection solutions,
specializing in automatic detection and protection solutions with network
visibility, analytics, and reporting tools. Corero's technology protects
against external and internal DDoS threats in complex edge and subscriber
environments, ensuring internet service availability. With operational centres
in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered
in London and listed on the London Stock Exchange's AIM market (Ticker: CNS).

For more information, visit www.corero.com (http://www.corero.com) , and
follow us on LinkedIn (https://www.linkedin.com/company/corero/)
 and Twitter (https://twitter.com/Corero) .

 

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