Corero Network Security PLC $1.6 million of customer orders secured (0633R)

TIDMCNS

RNS Number : 0633R

Corero Network Security PLC

26 February 2019

26 February 2019

Corero Network Security plc

("Corero" or the "Company")

$1.6 million of customer orders secured

Strong customer traction achieved across Corero's product portfolio

Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce three customer orders totaling $1.6 million, which comprise:

   --   an expansion order for SmartWall 10Gbps solutions from an existing SaaS customer; 

-- a DDoS Protection as a Service ("DDPaaS") order for SmartWall 100Gbps solutions with a new service provider customer; and

   --   a Support and SecureWatch security services contract renewal for a hosting provider customer. 

The expansion order includes multiple SmartWall products with a supporting three year contract for SecureWatch(R) services, forming part of the customer's ongoing global deployment of SmartWall.

The DDPaaS contract, which is Corero's largest to date, is a three year agreement for Corero to deliver SmartWall DDoS appliances for this US service provider's 100Gbps infrastructure enabling it to provide DDoS protected services to its customers.

The Support and SecureWatch services contract is the third consecutive annual renewal for a leading US based hosting provider. The agreement will see Corero continue to supply support and SecureWatch managed security services for the customer's global SmartWall installation, which provides real-time DDoS mitigation.

Ashley Stephenson, Corero CEO, said:

"We are delighted to have made a positive start to 2019. These significant customer orders further demonstrate the continued demand for our SmartWall appliance product, a growing demand for our subscription-based DDoS Protection offering and ongoing repeat demand for our highly rated Support and SecureWatch services."

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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February 26, 2019 02:00 ET (07:00 GMT)