Corero Network Security PLC DDoS protection "as-a-service" contract win (6423C)

TIDMCNS

RNS Number : 6423C

Corero Network Security PLC

19 April 2017

19 April 2017

Corero Network Security plc

("Corero" or the "Company")

DDoS protection "as-a-service" contract win

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce that its SmartWall(R) Threat Defense System ("SmartWall") technology has been selected by a Global Tier 1 Internet service provider to deliver a new DDoS mitigation security service.

Corero has signed a multi-year SmartProtect agreement to provide its SmartWall products and SecureWatch services as part of the roll out of DDoS Protection as a Service (DDPaas) to the service provider's customers.

SmartProtect is Corero's comprehensive solution for enabling DDoS Protection as-a-Service (DDPaas). SmartProtect is designed for the broad ecosystem of service providers - hosted, managed and ISP - giving operators of all sizes the capability to deliver high-value, premium DDPaaS to their customers, with an attractive economic model.

The contract provides for Corero to receive a share of revenue generated by the service provider for subscriptions to the new service.

This service provider operates one of the world's Tier 1 IP networks and provides IP transport, MPLS transport services, managed services, voice and unified communications to enterprise, government, and carrier customers in over 100 countries.

Ashley Stephenson, CEO of Corero, commented:

"This contract win is a strong endorsement of the competitive leadership of SmartWall and the compelling commercial benefit of our SmartProtect program. Delivering large scale DDoS mitigation with an economic model that is aligned to the success of selling DDoS protection security services is a win-win situation for Corero and the service provider. We look forward to working in partnership with this provider as the service rolls out over the coming months to its significant customer base."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                              Tel: [phone] 
                                                      382 
 
     Cenkos Securities plc                           Tel: [phone] 
                                                      8900 
     Bobbie Hilliam - NOMAD 
      Alex Aylen - Corporate Broking 
 
     Redleaf Communications                          Tel: [phone] 
                                                      4747 
     Rebecca Sanders-Hewett/David Ison/Susie        [e-mail] 
      Hudson 
 
 
 

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(R) 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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April 19, 2017 02:00 ET (06:00 GMT)