Corero Network Security PLC $1.8 million of customer orders secured (4029X)

TIDMCNS

RNS Number : 4029X

Corero Network Security PLC

19 December 2019

19 December 2019

Corero Network Security plc

("Corero" or the "Company")

$1.8 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 additional SmartWall DDoS protection product orders from both existing customers and a new US research university Juniper SmartWall software subscription customer, totaling $1.8 million over the course of the contracts.

The additional orders from existing customers highlighted above are as follows:

-- a global cloud security provider who will deploy additional SmartWall 10Gbps products at a number of its sites with a supporting three-year contract for SecureWatch(R) services, in order to ensure it is protected from DDoS attacks as the business continues to grow;

-- a 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 of SmartWall;

-- a US regional service provider for SmartWall 100Gbps solutions for its ongoing upgrade to 100Gbps connectivity, with a one-year contract for SecureWatch(R) services; and

-- a long-standing US regional service provider for SmartWall 10Gbps solutions with a two-year contract for SecureWatch(R) services.

Ashley Stephenson, Corero CEO, said:

"We are pleased to have secured another new customer with Juniper for the Corero SmartWall technology. In parallel, to have added further SmartWall business from our existing customers as their businesses grow, continues to contribute to our strong momentum."

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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December 19, 2019 02:00 ET (07:00 GMT)