Corero Network Security PLC Significant Contract Renewal (1547V)

TIDMCNS

RNS Number : 1547V

Corero Network Security PLC

01 November 2017

1 November 2017

Corero Network Security plc

("Corero" or the "Company")

Corero material SmartWall support and managed services contract renewal

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce the renewal of a contract, worth over $200,000, from a significant early adopter of SmartWall Threat Defense ("SmartWall") customer.

This is the third consecutive year that the Digital Enterprise customer ("the Customer") has renewed its contract, which is testament to the effectiveness of its real-time DDoS mitigation software.

The agreement will see Corero supply support and SecureWatch managed security services for the Customer's SmartWall installation, which provides always-on real-time DDoS mitigation to ensure that its on-line business and revenue is not impacted by damaging DDoS attacks.

Andrew Lloyd, Corero President and EVP Sales and Marketing, said:

"This important renewal demonstrates the exceptionally high levels of customer satisfaction across our growing customer base with Corero delivering world class subscription and support renewal rates."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                           Tel: [phone] 
                                                   382 
 
     Cenkos Securities plc                        Tel: [phone] 
                                                   8900 
     Mark Connelly/Bobbie Hilliam - NOMAD 
      Michael Johnson - Corporate Broking 
 
     Redleaf Communications                       Tel: [phone] 
                                                   4747 
     Elisabeth Cowell/Robin Tozer/Ian            [e-mail] 
      Silvera 
 
 
 

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, visit www.corero.com

This information is provided by RNS

The company news service from the London Stock Exchange

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November 01, 2017 03:00 ET (07:00 GMT)