Contract Win

RNS Number : 9831T

Corero Network Security PLC

04 April 2016

 

4 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 significant order for its SmartWall^® Threat Defense System ("SmartWall TDS") from a European hosting 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 leading regional European hosting providers.

The solution comprises multiple Corero SmartWall TDS products, with supporting SecureWatch^® services for three years, 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 demand in the global hosting provider market for automatic, in-line, realtime DDoS protection represents a significant opportunity for SmartWall TDS. This contract builds on our recent hosting provider success in the US. SmartWall TDS continues to prove its market leadingship capabilities"

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

 

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