Contract Win

RNS Number : 3873Q

Corero Network Security PLC

29 February 2016

 

29 February 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 its first significant order for its SmartWall^® Threat Defense System ("SmartWall TDS") from a European regional service provider.

The order, valued at more than $200,000 follows a successful Proof of Concept trial during which Corero was able to demonstrate the effectiveness of automatic, in-line, real-time DDoS protection. The customer is one of the fastest growing service providers in Belgium.

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 opportunity for Corero in the European service provider and hosting provider markets  is significant.  The SmartWall TDS automatic, in-line and real-time DDoS mitigation technology is uniquely positioned to deliver infrastructure protection and revenue generating security services to this growing customer base. Corero looks forward to reporting on further successes in this sector in the coming months."

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

 

END

 

 

NRAUWSWRNAAUUAR