Contract Win

RNS Number : 2807W

Corero Network Security PLC

26 April 2016

 

26 April 2016

Corero Network Security plc

("Corero" or the "Company")

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 German regional service provider.

The order, valued at $0.3 million, follows a successful Proof of Concept trial during which Corero was able to demonstrate the effectiveness of automatic, in-line, real-time DDoS protection against products from multiple competitors. The customer is a successful German regional service provider delivering Internet and telephony services to consumers and businesses.

The solution comprises multiple Corero SmartWall TDS products, with supporting SecureWatch^® services for one year, which will enable the customer to not only protect its infrastructure from DDoS attacks but to also offer DDoS Protection as a Service to its growing customer base.

Ashley Stephenson, CEO of Corero, said:

"The German market is an important target for Corero, being the largest economy in Europe.  Corero DDoS protection is already used by several hosting providers in Germany and we have seen DDoS attacks on German networks increase over the past year. This deal, at more than twice the size of previous contracts, represents our first regional service provider win. We are confident we can continue to grow our market share in Germany."

Enquiries:

Corero Network Security plc
Andrew Miller, CFO		Tel: [phone]
Cenkos Securities plc		Tel: [phone]
Bobbie Hilliam - NOMAD Alex Aylen - 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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