Significant Contract Win

RNS Number : 8625J

Corero Network Security PLC

18 June 2014

 



Corero Network Security plc

("Corero" or the "Company")

Significant Contract Win

Corero Network Security plc (AIM: CNS), a leading provider of security solutions for defending against DDoS attacks and cyber threats, is pleased to announce its largest First Line of Defense®  solution contract win.

The order, valued at half a million dollars, provides protection for a leading Wall Street financial services firm and comprises multiple Corero DDoS Defense System (DDS) products and SecureWatch services.  The Corero solution will provide protection for the customer's Internet connected infrastructure and high profile financial services websites.

The Corero DDS is a dedicated solution for protecting enterprise and public sector organisations. SecureWatch is Corero's suite of DDS monitoring, response and configuration services, customised to meet the security policy requirements and business goals of the customer.

Ashley Stephenson, CEO of Corero, commented: "We are delighted to have secured this significant customer contract which clearly demonstrates the strength of the Corero offering in the financial services industry, an important market opportunity for Corero. We worked in conjunction with a key US reseller partner on securing this deal and we look forward to continued growth in this commercial relationship in the future."   

 Enquiries:

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

About Corero Network Security

Corero Network Security, an organization's First Line of Defense® against DDoS (Distributed Denial of Service) attacks and cyber threats, is a pioneer in global network security. Corero products and services provide online enterprises, service providers, hosting providers, and Managed Security Service Providers with an additional layer of security capable of inspecting Internet traffic and enforcing real-time access and monitoring policies designed to match the needs of the protected business. Corero technology enhances any defense-in-depth security architecture with a scalable, flexible and responsive defence against DDoS attacks and cyber threats before they reach the targeted IT infrastructure allowing online services to perform as intended. For more information, visit www.corero.com.  

 

END

 

 

CNTSFDFMWFLSEEM