Corero Network Security PLC Significant Contract Wins (7807A)

TIDMCNS

RNS Number : 7807A

Corero Network Security PLC

03 January 2018

3 January 2018

Corero Network Security plc

("Corero" or the "Company")

Corero Network Security First 100Gbps SmartWall Deals Worth $400,000

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce that its SmartWall(R) Threat Defense System ("SmartWall") 100Gbps technology has been selected by two North American customers, a service provider and a hosting provider ("Customers"), to deliver real-time DDoS protection to their respective end-customers.

The combined customer orders are worth in excess of $400,000 for SmartWall products and related one-year support services.

Earlier this year, Corero launched its Intel(R) -based 100Gbps appliance, following a two year development investment led by its Edinburgh software development team. The 100Gbps product (the SmartWall NTD1100) extends Corero's real-time DDoS mitigation leadership position by delivering line-rate protection at 100Gbps. The SmartWall NTD1100 complements Corero's 10Gbps product (the SmartWall NTD120). All SmartWall products share a common management and data analytics platform ensuring efficient management and consistent protection across a customer's network.

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

"These customer wins mark an important milestone for our SmartWall product. We see growing adoption of 100Gbps connections, which in turn is driving demand for our SmartWall NTD1100 product.

"We expect this demand for our unique technology to accelerate in 2018 as these faster 100Gbps links combined with increasing end-user service-level expectations require a DDoS mitigation technology refresh. Corero is well placed to service these needs and to benefit from this trend."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                           Tel: [phone] 
                                                   382 
 
     Cenkos Securities plc                        Tel: [phone] 
                                                   8900 
     Mark Connelly/Bobbie Hilliam - NOMAD 
      Michael Johnson - Sales 
 
     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 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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January 03, 2018 02:00 ET (07:00 GMT)