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CNS Corero Network Security Plc

12.50
0.50 (4.17%)
03 May 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
  0.50 4.17% 12.50 12.50 13.00 12.75 12.00 12.00 1,651,871 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computers & Software-whsl 20.12M 554k 0.0011 115.91 64.88M

Corero Network Security PLC US regional service provider contract win (9509J)

04/07/2017 7:00am

UK Regulatory


Corero Network Security (LSE:CNS)
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TIDMCNS

RNS Number : 9509J

Corero Network Security PLC

04 July 2017

4 July 2017

Corero Network Security plc

("Corero" or the "Company")

Corero US regional service provider customer 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 leading US regional service provider.

The $0.3 million order follows a successful proof of concept trial. Corero will be delivering real-time DDoS detection and mitigation for the provider's transit and peering connections. The solution comprises multiple Corero SmartWall products, with supporting SecureWatch(R) services for one year.

The customer is a US regional service provider with leadership fiber network capacity serving carrier, enterprise and data centre customers.

Corero's target market for its scalable SmartWall solution includes service providers and hosting providers, whose businesses are seeing strong growth from increased Internet connectivity and Cloud infrastructure demands from their customers. This in turn expands the business opportunity for offering DDoS protection services to their growing customer base.

Ashley Stephenson, CEO of Corero, said:

"This additional customer win reinforces our claim that SmartWall is a leading DDoS mitigation solution designed to meet the needs of service providers. We look forward to growing our commercial relationship with this provider as it expands its customer base."

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 Palmer        cns@redleafpr.com 
 
 
 

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

CNTRJMTTMBIMBLR

(END) Dow Jones Newswires

July 04, 2017 02:00 ET (06:00 GMT)

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