Senior Appointment of Customer Wins

RNS Number : 0455D

Corero Network Security PLC

24 April 2013

 



Corero Network Security plc

("Corero" or the "Company")

Senior Sales Leadership Appointment and Customer Wins

Corero Network Security plc (AIM: CNS), the network security and business software provider, is pleased to announce the strengthening of its worldwide sales team through the appointment of David Ahee as Senior Vice President, Worldwide Sales of the Corero Network Security (CNS) division.

Separately, Corero is pleased to announce that CNS has secured a number of important customers in 2013 and enters the second quarter with a growing pipeline of o\pportunities. 

Appointment of David Ahee

David Ahee has been appointed, after an extensive search led by an international agency, as Senior Vice President Worldwide Sales to drive the growth of CNS' First Line of Defense offering to the global market. He brings 20 years of experience in global and regional sales management, establishing enterprise and channel sales strategies in the US, Europe and Asia. David joins CNS from Procera Networks (NASDAQ:PKT), a manufacturer of traffic management platforms for service providers and enterprises, where he ran the Americas sales organisation.  Prior to Procera, he held senior sales roles with Aylus Networks, ThinkEngine Networks, Ascend Communications and Newbridge Networks.

Customer Wins

CNS customer contract wins in 2013 include: a US energy utility, a leading MSP (mobile service provider) in Brazil, a large regional US bank (including a SecureWatchPlus services contract), an Asian based provider of on-line games, an Internet Domain Services company, a leading price comparison web site and Camelot (the UK Lottery operator).  

CNS remains confident as it enters the second quarter of the financial year as the market in which CNS operates continues to demonstrate strong growth prospects. 

The IT research group IDC, in a recently published report, forecast that the worldwide market for Distributed Denial of Service ("DDoS") prevention solutions (including products and services) will grow by a compound annual growth rate of 18.2% from 2012 through 2017 and reach $870 million. The report supports CNS' view of the market opportunity, in particular, that, despite volumetric-based attacks remaining most popular, more advanced hybrid attacks that include application layer and encrypted traffic will continue to grow. This will drive the on-premise equipment market throughout the forecast period.

CNS has produced a two minute video to explain its security value proposition, which is being leveraged in the division's marketing and public relations.  The two minute explainer can be viewed from the home page of the CNS division web site www.corero.com or from the following link http://bit.ly/WE7GE5

Andrew Miller, COO of Corero, commented: "We are delighted to welcome David Ahee to Corero as Senior Vice President Worldwide Sales of our CNS division. David has a wealth of experience in our industry and will play a key role in our sales led strategy as we seek to benefit from the considerable growth forecast for the DDoS prevention market."

Enquiries:

Corero Network Security plc
Andrew Miller, Chief Operating Officer	Tel: [phone]
finnCap
Stuart Andrews / Henrik Persson (corporate finance) Simon Johnson / Stephen Norcross (corporate broking)		Tel: [phone]
Walbrook PR	Tel: [phone]
Bob Huxford / Helen Westaway (Media Relations)
Paul Cornelius (Investor Relations)

About Corero Network Security plc

Corero Network Security plc consists of two businesses: Corero Network Security and Corero Business Systems.

Corero Network Security is an international network security company and a leading provider of next generation securitysolutions. Deployed as a First Line of Defense solution, Corero's products and services sit outside  a client's network, effectively stopping unwanted traffic (including Distributed Denial of Service ("DDoS") cyber-attacks)from reaching and overwhelming firewalls and other infrastructure components, such that good customer traffic can flow unimpeded.

Corero's First Line of Defense solution utilises sophisticated techniques and technologies to block malicious traffic to stop DDoS and other advanced cyber-attacks before they enter an organisation's IT infrastructure.  This First Line of Defense solution helps customers worldwide, including enterprises, service providers and government organisations safeguard their IT infrastructure and eliminate downtime, ultimately protecting their bottom line.

Corero Business Systems is a leading provider of accounting, human resources, payroll and management information software to the schools (including academies) and further education and commercial sectors in the UK and internationally. 

Corero's proprietary software solutions include:

•       Resource Financials & HR - a finance and HR management solution delivering web-enabled and workflow controlled business processes.

•       Resource EMS - a student record and learner management information solution for the post 16 education sector.

Corero Resource Financials & HR software won The UK Business Software Industry Software Satisfaction Awards 2012 in the category of Accounting & Finance (corporate).

 

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