Expansion of Strategic Partnership with Ingecom

Corero Network Security PLC

07 March 2024

 

7 March 2024

Corero Network Security plc

("Corero" or the "Company")

Expansion of Strategic Partnership with Ingecom Ignition

Distribution Agreement to Deepen Corero's Italian Market Presence

Corero Network Security (AIM: CNS) (OTCQB: DDOSF), the specialists in distributed denial of service ("DDoS") protection solutions, announces the expansion of its successful partnership with Exclusive Networks' Ingecom Ignition ("Ingecom"), a Value-Added Distributor ("VAD") and cybersecurity solutions specialist, by signing a distribution agreement for the Italian market.

Corero has marketed its DDoS protection solutions in both Spain and Portugal since 2021 through its partnership with Ingecom, facilitating the Company's growth in Southern Europe. The extension of this partnership provides Corero with a platform to offer its cutting-edge cybersecurity solutions to the Italian market whilst strengthening the commercial relationship between the two companies.

Carl Herberger, Chief Executive Officer at Corero, commented:

"We are delighted to expand our commercial relationship with Ingecom and look forward to working alongside our trusted partner to help safeguard organisations across Italy from highly disruptive and potentially reputation-damaging cyberattacks through the provision of our market-leading DDoS protection solutions.

EMEA is a key region for Corero and integral to our overarching global expansion strategy. By continuing to harness the local expertise and extensive distribution network of Ingecom, we aim to explore and capitalise on further sales opportunities to broaden our reach within EMEA."

Javier Modúbar, CEO of Ingecom Ignition, commented:

"We have selected Corero as our partner because of their leadership in preventing DDoS attacks. To address this threat, we sought a vendor that could effectively cover DDoS attacks within our portfolio, and we believe Corero is the ideal choice."

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 centers 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).

About Ingecom Ignition

Ingecom Ignition, a company of Exclusive Networks, is a Value-Added Distributor (VAD) specialised in IT cybersecurity, OT/ICS and IXoT cybersecurity, and cyber intelligence, founded in 1996 in Bilbao. With offices in Bilbao, Madrid, Lisbon, and Milan, and presence in Barcelona and Rome, it serves Spain, Italy, and Portugal. Currently, Ingecom employs about fifty workers. The objective of Ingecom Ignition is to provide proven and approved solutions to system network and security integrators, in addition to being in constant contact with new technologies, so that any technological evolution can be applied to customers as soon as possible.

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.

About Reach announcements

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

 

END