Over $4m of Global Hosting Providers Customer Wins

RNS Number : 5927S

Corero Network Security PLC

17 November 2021

 

RNS Reach 

17 November 2021

This is an RNS Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

Corero Network Security plc

("Corero" or the "Company")

Global Hosting Providers choose Corero DDoS Protection,

with recent customer orders over $4 million

Deepening of Corero's presence within the growing cloud hosting market

Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions , is pleased to announce that it has recently secured a number of significant customer orders totalling over $4 million since the half year in the Hosting Provider market segment.

These recent wins continue to build upon Corero's established expertise in protecting customer infrastructure from DDoS attacks, using world class technology and multi-terabit deployments. Revenues associated with these orders will be recognised over the course of the lifetime of each of the contracts. These recent customer orders include:

· A multi-million-dollar order from a major US-based, cloud infrastructure Hosting Provider The order is for a global deployment of the latest SmartWall TDS solutions with supporting SecureWatch services;

· An order from a major US-based managed Hosting Provider that operates in the US and Europe.  The order is for deployment of the latest SmartWall TDS solutions with supporting SecureWatch services; and

· An expansion order, via a Corero channel partner, from a leading Eastern US Provider.   The order is for additional deployments of the latest SmartWall TDS solutions with associated SecureWatch services.  

The deployment of Corero SmartWall and SecureWatch solutions provides cost effective DDOS protection for the infrastructure of these providers and enables them to deliver high performance, revenue generating, DDoS services to their downstream customers.

Lionel Chmilewsky, Corero's CEO, said:

"I'm delighted to have secured these recent significant customer wins in the Hosting market, cementing our expertise in this area and building upon the Data Center and Co-Location business customer orders secured in the first half of the year. These wins are also a testament to the strength of our class-leading DDoS protection technology and our comprehensive understanding of this important customer space." 

Enquiries:

Corero Network Security plc	Tel: [phone]
Lionel Chmilewsky, Chief Executive Officer
Neil Pritchard, C hief Financial Officer
C anaccord Genuity Limited  (Nominated Adviser and Broker)	Tel: [phone]
S imon Bridges / Andrew Potts
Vigo Consulting	Tel: [phone]
Jeremy Garcia / Antonia Pollock
[e-mail]

About Corero Network Security

Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero's industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available. Corero's key operational centers located in Marlborough, Massachusetts, USA and Edinburgh, UK, with the Company's headquarters in Amersham, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS.  For more information, visit       www.corero.com

 

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