Tier 1 Internet Service Provider Contract Win

RNS Number : 9342K

Corero Network Security PLC

06 January 2016

 

6 January 2016

Corero Network Security plc

("Corero" or the "Company")

European Tier 1 Internet Service Provider Contract Win

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce the first order for its SmartWall^® Threat Defense System ("SmartWall TDS") from a European Tier 1 Internet Service Provider ("ISP").

The order, valued at $0.7 million, is to provide in-line, real-time Distributed Denial of Service ("DDoS") protection as a service for one of the ISP's high profile customers. The solution, which is a full production deployment, comprises Corero SmartWall TDS products deployed at diverse network access locations with supporting SecureWatch^® services for a three-year period.

Ashley Stephenson, CEO of Corero, commented:

"This order is truly a landmark deal for Corero, representing the Company's first entry into the European Tier 1 ISP market and its largest SmartWall sales order to date. It follows the announcement of our first North American Tier 1 ISP deal last month and is further validation of our strategy to invest in the technically demanding but high growth service provider security market.

"This is not a trial or Proof of Concept but a fully operational DDoS protection service, managed by the provider on behalf of its customer. We look forward to pursuing additional DDoS protection service deployments with this Tier 1 provider and other leading ISP's across Europe."

Enquiries:

Corero Network Security plc
Andrew Miller, Chief Financial Officer		Tel: [phone]
FinnCap
Stuart Andrews/Carl Holmes (corporate finance)		Tel: [phone]
Stephen Norcross (corporate broking)
Redleaf Communications		Tel: [phone]
Rebecca Sanders-Hewett/David Ison/Susie Hudson	[e-mail]

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® 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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