Information  X 
Enter a valid email address

Corero Network Sec. (CNS)

  Print      Mail a friend

Tuesday 23 October, 2018

Corero Network Sec.

Customer wins

RNS Number : 8155E
Corero Network Security PLC
23 October 2018
 

23 October 2018

Corero Network Security plc

("Corero" or the "Company")

 

Corero secures customer orders worth $1.0 million

 

Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce a $0.6 million order for its 100Gbps SmartWall® Threat Defense System ("SmartWall") technology with a global cloud security company; and a $0.4 million expansion order for Corero's 10Gbps SmartWall technology from an existing customer. 

 

The $0.6 million new customer order consists of multiple SmartWall 100Gbps products with supporting SecureWatch® services for one year. It follows a successful proof-of-concept trial which recognised SmartWall as the technology best-placed to protect the customer's cloud security offering following its move to 100Gbps internet connectivity in its data centres, a move necessitated by its business needs. The $0.4 million existing customer order, which includes multiple SmartWall products with supporting SecureWatch® services for three years, forms part of this customer's ongoing global deployment of SmartWall.

 

Further orders are anticipated from both customers in the final quarter of 2018 as part of their ongoing expansion and SmartWall deployment plans.

 

The Corero SmartWall solution mitigates DDoS attacks in real-time, unlike many of its competitors which can take up to 20 minutes or more to detect and successfully defeat an attack.  

 

Andrew Lloyd, Corero President and EVP Sales and Marketing, said:

 

"To have secured another new customer for our 100Gbps SmartWall technology following a rigorous selection process is particularly pleasing and highlights the key competitive advantages and uniqueness of our solution. We look forward to expanding our relationship with this customer as they deploy additional 100Gbps connectivity, which we expect will require additional SmartWall purchases.  

 

"We anticipate demand for our technology to accelerate as we benefit from the combination of growth in adoption of faster 100Gbps links coupled with increasing end-user service-level expectations, resulting in the requirement for Service Providers, Cloud Providers and Enterprises to  instigate a DDoS protection upgrade."

 

Enquiries:

 

Corero Network Security plc


Andrew Miller, CFO

Tel: 01895 876 382



Cenkos Securities plc

Tel: 020 7397 8900

Mark Connelly - NOMAD

Michael Johnson - Sales




Vigo Communications

Tel: 020 7390 0230

Jeremy Garcia / Ben Simons /Antonia Pollock

[email protected]

           

 

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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
CNTFKBDNABDDPKB

a d v e r t i s e m e n t