Corero Network Security PLC Customer wins (8155E)

TIDMCNS

RNS Number : 8155E

Corero Network Security PLC

23 October 2018

23 October 2018

Corero Network Security plc

("Corero" or the "Company")

Corero secures customer orders worth $1.0 million

Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce a $0.6 million order for its 100Gbps SmartWall(R) Threat Defense System ("SmartWall") technology with a global cloud security company; and a $0.4 million expansion order for Corero's 10Gbps SmartWall technology from an existing customer.

The $0.6 million new customer order consists of multiple SmartWall 100Gbps products with supporting SecureWatch(R) services for one year. It follows a successful proof-of-concept trial which recognised SmartWall as the technology best-placed to protect the customer's cloud security offering following its move to 100Gbps internet connectivity in its data centres, a move necessitated by its business needs. The $0.4 million existing customer order, which includes multiple SmartWall products with supporting SecureWatch(R) services for three years, forms part of this customer's ongoing global deployment of SmartWall.

Further orders are anticipated from both customers in the final quarter of 2018 as part of their ongoing expansion and SmartWall deployment plans.

The Corero SmartWall solution mitigates DDoS attacks in real-time, unlike many of its competitors which can take up to 20 minutes or more to detect and successfully defeat an attack.

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

"To have secured another new customer for our 100Gbps SmartWall technology following a rigorous selection process is particularly pleasing and highlights the key competitive advantages and uniqueness of our solution. We look forward to expanding our relationship with this customer as they deploy additional 100Gbps connectivity, which we expect will require additional SmartWall purchases.

"We anticipate demand for our technology to accelerate as we benefit from the combination of growth in adoption of faster 100Gbps links coupled with increasing end-user service-level expectations, resulting in the requirement for Service Providers, Cloud Providers and Enterprises to instigate a DDoS protection upgrade."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                                  Tel: [phone] 
 
     Cenkos Securities plc                               Tel: [phone] 
     Mark Connelly - NOMAD 
      Michael Johnson - Sales 
 
     Vigo Communications                                 Tel: [phone] 
     Jeremy Garcia / Ben Simons /Antonia Pollock 
      [e-mail] 
 
 

About Corero Network Security

Corero Network Security is a leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital 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

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October 23, 2018 02:00 ET (06:00 GMT)