Corero Network Security PLC $1.0 million of customer wins (6575B)

TIDMCNS

RNS Number : 6575B

Corero Network Security PLC

03 February 2020

3 February 2020

Corero Network Security plc

("Corero" or the "Company")

$1.0 million of customer wins

Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce two new customer wins for its SmartWall(R) DDoS protection product and an additional purchase from an existing customer, totaling $1.0 million over the course of the contracts.

The new customers are as follows:

-- a US regional service provider of internet and telephony services to business and private customers. The order is for multiple SmartWall 10Gbps solutions with a supporting one-year contract for SecureWatch(R) services; and

-- a US-based provider of hosting, data protection and colocation services, who will deploy SmartWall 10Gbps products at a number of its sites with a supporting three-year contract for SecureWatch(R) services.

The deployment of these Corero SmartWall solutions will enable these customers to provide DDoS protected services to their end-user customers, which is an important part of their respective offerings given the increasing threat of and growth in DDoS attacks.

The additional order is from an existing SaaS customer for SmartWall 10Gbps solutions with a supporting three-year contract for SecureWatch(R) services, forming part of the customer's ongoing global deployment.

Ashley Stephenson, Corero CEO, said:

"We have made a stong start to 2020 with these new and existing customer wins demonstrating the increasing traction for our SmartWall products."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                                   Tel: [phone] 
 
     Cenkos Securities plc                                Tel: [phone] 
     Ben Jeynes / 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

The information contained within this announcement was deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 prior to release of this announcement. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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February 03, 2020 02:00 ET (07:00 GMT)