Creation of Strategic Latin American Partnership

Corero Network Security PLC

21 February 2024

 

21 February 2024

Corero Network Security plc

("Corero" or the "Company")

Creation of Strategic Latin American Partnership with TechEnabler

-      Accelerates Corero's International Expansion Strategy

-      Partnership Already Delivered $1 Million Deal

Corero Network Security plc (AIM: CNS), a leading provider of distributed denial of service ("DDoS") protection solutions, announces an important strategic partnership with TechEnabler, an established Brazilian network solutions distributor (the "Partnership"). The Partnership will enable Corero to expand its Latin American ("LATAM") footprint, which is a key focus of the Company's overarching growth strategy, as it aims to provide unparalleled DDoS protection across corporate and communications provider networks in Brazil and the broader LATAM region.

Leveraging TechEnabler's extensive network and technical expertise, the Partnership will enable Corero to deploy its flagship SmartWall® ONE platform to new customers, offering robust defence mechanisms against the evolving landscape of DDoS attacks and ransom threats. This Partnership is underpinned by a revenue-sharing model, ensuring mutual benefits and success from both organisations' combined efforts.

The Partnership has already secured Corero a product and services deal in excess of $1 million, the Company's largest ever contract in the LATAM region, showcasing the unique capabilities of TechEnabler's Local Scrubbing-as-a-Service ("LSaaS") offering, using Corero's technology. The service is designed to deliver zero latency and precise traffic management, setting new standards in DDoS mitigation.

Carl Herberger, Chief Executive Officer at Corero, commented:

"Creating this strategic partnership with TechEnabler provides an ideal platform to expand our product reach in a key growth market for Corero, alongside aligning our business with a partner who shares our commitment to cybersecurity excellence.

This agreement reinforces our focus on security innovation, which in turn will allow a new crop of businesses to fortify their networks against DDoS attacks whilst exploring further opportunities to leverage our cutting-edge solutions."

Alvaro Aquino, General Manager of TechEnabler, said:

"The Corero SmartWall® ONE platform effectively protects companies and carriers against DDoS attacks and ransom threats. Our business success with Corero's technology since we partnered a little more than a year ago prompted the new revenue-sharing agreement that will bring our companies closer, certainly with even better outcomes for both."

Corero and TechEnabler's combined offerings will be showcased at the 14th Brazilian Association of Internet and Telecommunications Service Providers ("ABRINT") National Meeting in São Paulo, Brazil, from 12-14 June 2024, marking a significant milestone in our commitment to securing the digital landscape in Brazil and LATAM.

About Corero Network Security

Corero Network Security is a leading provider of distributed denial of service (DDoS) protection solutions. We are specialists in automatic detection and protection solutions, that include network visibility, analytics, and reporting tools. Corero's technology provides scalable protection capabilities against both external DDoS attackers and internal DDoS threats, in even the most complex edge and subscriber environments, ensuring internet service availability and uptime. Corero's key operational centres are in Marlborough, Massachusetts, USA, and Edinburgh, UK, with the Company's headquarters in London, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS.

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

Enquiries:

Corero Network Security plc	Tel: [phone]
Carl Herberger, Chief Executive Officer
Phil Richards, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser and Broker)	Tel: [phone]
Simon Bridges / Andrew Potts / Harry Rees
Vigo Consulting	Tel: [phone]
Jeremy Garcia / Kendall Hill
[e-mail]

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

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