Over $4m of Global Hosting Providers Customer Wins
RNS Reach
17 November 2021
This is an RNS Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.
Corero Network Security plc
("Corero" or the "Company")
Global Hosting Providers choose Corero DDoS Protection,
with recent customer orders over $4 million
Deepening of Corero's presence within the growing cloud hosting market
Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions , is pleased to announce that it has recently secured a number of significant customer orders totalling over $4 million since the half year in the Hosting Provider market segment.
These recent wins continue to build upon Corero's established expertise in protecting customer infrastructure from DDoS attacks, using world class technology and multi-terabit deployments. Revenues associated with these orders will be recognised over the course of the lifetime of each of the contracts. These recent customer orders include:
· A multi-million-dollar order from a major US-based, cloud infrastructure Hosting Provider The order is for a global deployment of the latest SmartWall TDS solutions with supporting SecureWatch services;
· An order from a major US-based managed Hosting Provider that operates in the US and Europe. The order is for deployment of the latest SmartWall TDS solutions with supporting SecureWatch services; and
· An expansion order, via a Corero channel partner, from a leading Eastern US Provider. The order is for additional deployments of the latest SmartWall TDS solutions with associated SecureWatch services.
The deployment of Corero SmartWall and SecureWatch solutions provides cost effective DDOS protection for the infrastructure of these providers and enables them to deliver high performance, revenue generating, DDoS services to their downstream customers.
Lionel Chmilewsky, Corero's CEO, said:
"I'm delighted to have secured these recent significant customer wins in the Hosting market, cementing our expertise in this area and building upon the Data Center and Co-Location business customer orders secured in the first half of the year. These wins are also a testament to the strength of our class-leading DDoS protection technology and our comprehensive understanding of this important customer space."
Enquiries:
|
Corero Network Security plc |
Tel: +44(0)1494 590 404 |
|
Lionel Chmilewsky, Chief Executive Officer |
|
|
Neil Pritchard, C hief Financial Officer |
|
|
|
|
|
C anaccord Genuity Limited (Nominated Adviser and Broker) |
Tel: +44(0)20 75 23 8000 |
|
S imon Bridges / Andrew Potts |
|
|
|
|
|
Vigo Consulting |
Tel: +44(0)20 7390 0230 |
|
Jeremy Garcia / Antonia Pollock |
|
|
|
About Corero Network Security
Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero's industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available. Corero's key operational centers located in Marlborough, Massachusetts, USA and Edinburgh, UK, with the Company's headquarters in Amersham, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS. For more information, visit www.corero.com
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund