$1m Contract Renewal & Expansion with DigitalOcean

Corero Network Security PLC

05 June 2024

 

5 June 2024

Corero Network Security plc

("Corero" or the "Company")

$1 Million Contract Renewal and Expansion with DigitalOcean

Corero Network Security plc (AIM: CNS) (OTCQB: DDOSF), the distributed denial of service ("DDoS") protection specialists, is pleased to announce it has secured a $1 million plus, three-year contract extension, expanding the current services provided to DigitalOcean Holdings, Inc. ("DigitalOcean") (NYSE: DOCN), a leading US cloud computing provider.

Corero will continue to provide DigitalOcean with its comprehensive SecureWatch Managed Services, reinforcing its trusted position in safeguarding DigitalOcean's extensive network infrastructure. Corero's fully managed solution encompasses configuration optimisation, proactive monitoring, and swift mitigation response to any DDoS incidents and has been tailored to meet DigitalOcean's specific security policies.

During a competitive trial and testing period, Corero demonstrated seamless and continuous optimisation, ultimately leading to an extended commitment from DigitalOcean.

Corero's SmartWall ONE solution, which delivers rapid and accurate DDoS attack detection at the network edge will be now fully deployed across DigitalOcean's IT real estate.

With a global network spanning over 17 datacentres, DigitalOcean will continue to utilise Corero's advanced DDoS protection solutions to ensure seamless operations and robust defence against cyberthreats.

Carl Herberger, CEO of Corero, commented:

"We are thrilled to both continue and extend our partnership with DigitalOcean. This renewal underscores the confidence they have in our ability to protect their critical infrastructure, and our SecureWatch Managed Services will allow DigitalOcean to focus on their core business activities, knowing that their network is in safe hands."

Enquiries:

Corero Network Security plc	Tel: [phone]
Carl Herberger, Chief Executive Officer
Phil Richards, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser and Joint Broker)	Tel: [phone]
Simon Bridges / Andrew Potts / Harry Rees
Zeus Capital (Joint Broker)
Stuart Andrews / Alice Lane	Tel: [phone]

Vigo Consulting	Tel: [phone]
Jeremy Garcia / Kendall Hill
[e-mail]

About Corero Network Security

Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero's technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centres in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB market (OTCQB: DDOSF).

For more information, visit www.corero.com, and follow us on LinkedIn and X (Twitter).

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