Notice of Results

RNS Number : 4154Z

Corero Network Security PLC

07 March 2013

 



Corero Network Security plc (AIM: CNS)

("Corero" or "the Group")

Notice of results and invitation

Corero Network Security plc (AIM: CNS), the network security and business software provider, will be reporting its preliminary results for the year ended 31 December 2012 on Tuesday 26 March.

The management team will be hosting a briefing for analysts on the day at 09:30am at [The London Capital Club, Abchurch Lane, London, EC4N 7BW.]

If you wish to attend, or require further information, please contact Helen Westaway at Walbrook PR on 020 7933 8790 or email [e-mail] to register.

Enquiries:

Corero Network Security plc
Andrew Miller, Group Chief Operating Officer	Tel: [phone]
FinnCap
Stuart Andrews/Henrik Persson (corporate finance)	Tel: [phone]
Simon Johnson/Stephen Norcross (corporate broking)
Walbrook PR	Tel: [phone]
Bob Huxford/ Helen Westaway (Media Relations)
Paul Cornelius (Investor Relations)

About Corero Network Security

Corero Network Security plc consists of two businesses: Corero Network Security and Corero Business Systems.

Corero Network Security is an international network security company and the leading provider of next generation securitysolutions. Deployed as a First Line of Defense (FLoD) solution, Corero's products and services sit outside of a client's network, effectively stopping unwanted traffic (including Distributed Denial of Service ("DDoS") cyber-attacks) from reaching and overwhelming firewalls and other infrastructure components, such that good customer traffic can flow unimpeded.

The need for such a solution is rapidly increasing as organisations rely ever more upon the Internet to streamline their businesses and improve revenue growth. The huge growth in online sales has created an explosion of cyber-attack entrepreneurs looking to cash in on the burgeoning digital marketplace.

Research published by the Ponemon Institute found that occurrences of cyber-attacks is mounting with a 42 per cent increase in the number of cyber-attacks, with the average annualized cost of cybercrime incurred by a benchmark sample of U.S. organizations of $8.9 million. It noted that organizations experienced an average of 102 successful attacks per week, compared to 72 attacks per week in 2011. It cited DDoS as a common attack type and one of the most costly cybercrimes.

The ever increasing number of attacks is driving forecast growth in the DDoS protection market to more than double in size to $450m by 2015 (Infonetics Research). With the number of successful attacks on the rise it is evident that existing firewall, intrusion prevention systems, and traditional security infrastructure are not equipped to combat them. These technologies were not built to stop many of today's attacks and are being overwhelmed by DDoS attacks, advanced evasion attacks, server side exploits and other unwanted traffic.

Corero's First Line of Defence solution utilizes sophisticated techniques and technologies to block malicious traffic to stop DDoS and other advanced cyber-attacks before they enter an organisation's IT infrastructure.  This industry best practice is helping customers worldwide, including enterprises, service providers and government organisations, safeguard their IT infrastructure and eliminate downtime, ultimately protecting their bottom line.

Corero Business Systems is a leading provider of powerful and dynamic modular accounting, human resources, payroll and management information software to the schools (including academies) and further education and commercial sectors in the UK and internationally.  Corero has a strong background and pedigree in education having been involved in the sector since early 1990's.

Corero's proprietary software solution "Resource" is at the core of the Corero suite of business applications:

•     Resource Financials & HR - a finance and HR management solution delivering web-enabled and workflow controlled business processes.

•     Resource EMS - a student record and learner management information solution for the post 16 education sector.

The Resource software solutions are designed to deliver key business benefits to customers including:

•     Resource Financials & HR - flexible reporting in real time; control of budgets and spending; cash flow forecasting; reduction of data processing costs and the use/handling of paper.

•     Resource EMS - streamlined management of the whole learner administration process from enquiry to enrolment to completion and leaving; enhanced curriculum planning and examination management tools; full management of statutory returns.

Corero Resource Financials & HR software won The UK Business Software Industry Software Satisfaction Awards 2012 in the category of Accounting & Finance (corporate). The Software Satisfaction Awards are unique in that they are decided by end-user views, representing a wide cross-section of businesses from sole traders and SMEs through to government and corporate bodies, with the 2012 survey being completed by over 10,000 organisations.

 

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