Significant Contract Win

RNS Number : 0035B

Corero Network Security PLC

02 October 2015

 

2 October 2015

Corero Network Security plc

("Corero" or the "Company")

Significant Contract Win

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce a major SmartWall^® Threat Defense System ("SmartWall TDS") sale to a UK FTSE 100 company.

The order, valued at $0.7 million, provides Distributed Denial of Service ("DDoS") protection for the customer's worldwide operations. The solution comprises Corero SmartWall TDS products deployed at multiple data centre locations to provide real-time DDoS protection with supporting SecureWatch^® services for a three year period. 

Ashley Stephenson, CEO of Corero, commented: "Recent high profile victims of DDoS attacks including the Royal Bank of Scotland, Carphone Warehouse and the National Crime Agency, are bringing the frequency and severity of DDoS attacks to the forefront.

"The disruption caused by a DDoS attack can expose weaknesses in organisations' cyber defences or overwhelm other security tools and IT infrastructure.  The use of DDoS attacks as a smokescreen to camouflage other cyber-attacks, including data breaches and  financial fraud, is a real threat, especially for any internet-connected business with sensitive data, such as credit card details or other sensitive personal data.

"Eliminating this risk, and the significant reputational damage of such an attack, requires real-time DDoS detection and mitigation solutions such as Corero's SmartWall TDS."

Enquiries:

Corero Network Security plc
Andrew Miller, CFO and Chief Operating Officer		Tel: [phone]
FinnCap
Stuart Andrews/Carl Holmes (corporate finance)		Tel: [phone]
Stephen Norcross (corporate broking)
Redleaf Communications		Tel: [phone]
Rebecca Sanders-Hewett/David Ison/Susie Hudson	[e-mail]

About Corero Network Security

Corero Network Security, an organization's First Line of Defense^® against Distributed Denial of Service (DDoS) attacks and cyber threats, provide enterprises and service providers with an additional layer of security capable of inspecting and analysing Internet traffic and mitigating attacks. Corero products and services enhance existing 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. The Corero First Line of Defense® product family includes the Corero SmartWall® Threat Defense System (TDS) allowing for modular, highly scalable network visibility and DDoS defence for the Internet Service Provider, Datacentre and Hosting Provider, as well as the Large Enterprise.

For more information about how Corero solutions are eliminating the DDoS challenge for organisations across the globe, visit www.corero.com.

 

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