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CNS Corero Network Security Plc

12.00
-0.25 (-2.04%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Corero Network Security Plc LSE:CNS London Ordinary Share GB00B54X0432 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -2.04% 12.00 11.50 12.50 12.25 12.00 12.25 626,022 12:09:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 20.12M 554k 0.0011 109.09 61.06M

Corero Network Security PLC US Federal Government contract win (3561J)

28/06/2017 7:01am

UK Regulatory


Corero Network Security (LSE:CNS)
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From Apr 2019 to Apr 2024

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TIDMCNS

RNS Number : 3561J

Corero Network Security PLC

28 June 2017

28 June 2017

Corero Network Security plc

("Corero" or the "Company")

Corero expands into US Federal Government with $0.4m 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 to protect a high profile US Federal Government agency.

The $0.4 million order provides DDoS mitigation capacity for a number of the agency's sites delivering up to 200Gbps of always-on protection. The solution comprises multiple Corero SmartWall products, with supporting SecureWatch(R) services for one year.

With growing awareness of the threat posed by short duration DDoS attacks, Corero's target market for its scalable SmartWall solution is expanding beyond service providers and hosting providers to include increasing numbers of digital enterprises and government departments seeking always-on DDoS mitigation technologies. Corero's SmartWall has been proven to excel in these demanding environments; mitigating in seconds in contrast to traditional approaches which can take tens of minutes to respond.

Ashley Stephenson, CEO of Corero, said:

"We are delighted to welcome the US Federal Government as a Corero customer. This purchase follows a demanding trial period in which our SmartWall product successfully provided real-time DDoS protection across notable national projects run by the agency concerned, defeating several significant attacks."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                              Tel: 01895 876 382 
 
     Cenkos Securities plc                           Tel: 020 7397 8900 
     Bobbie Hilliam - NOMAD 
      Alex Aylen - Corporate Broking 
 
     Redleaf Communications                          Tel: 020 7382 4747 
     Rebecca Sanders-Hewett/David Ison/Elise                    cns@redleafpr.com 
      Palmer 
 
 
 

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

END

CNTSEWEFWFWSESM

(END) Dow Jones Newswires

June 28, 2017 02:01 ET (06:01 GMT)

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