Significant Contract Win

RNS Number : 7923K

Corero Network Security PLC

05 January 2016

 

5 January 2016

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 significant order for its SmartWall^® Threat Defense System ("SmartWall TDS") from a US hosting provider.

The order, valued at over $400,000, is Corero's largest single hosting provider deployment to date and follows a successful Proof of Concept ("POC") trial during which Corero was able to demonstrate the effectiveness of having in-line, real-time Distributed Denial of Service ("DDoS") protection delivered by the SmartWall TDS.  A key element of the POC was demonstrating the value of Corero's automatic mitigation, which will enable the customer, a provider of hosting and Cloud computing services, to scale its business while maximising the productivity of network and security operations staff in the daily battle against DDoS attacks targeting hosted customers.  The solution comprises multiple Corero SmartWall TDS products with supporting SecureWatch^® services for one year.

Ashley Stephenson, CEO of Corero, commented:

"This hosting provider customer order is a strong endorsement of Corero's view of the commercial opportunity in the important and growing hosting provider market.  Being able to demonstrate the efficacy, performance and scalability of the Corero SmartWall TDS against the competition, through a successful POC, was critical for this very important contract win for Corero.

"Hosting providers are increasingly seeing the value of using automatic, in-line DDoS mitigation technology as their primary response to the increasingly frequent challenge of DDoS attacks. We believe this is a trend set to continue, with hosting providers welcoming the opportunity to generate revenue from security services such as DDoS-protected hosting for their customers.

"Corero looks forward to strengthening its relationship with this particular customer, and  reporting on further successes in the hosting provider vertical in the coming months."

Enquiries:

Corero Network Security plc
Andrew Miller, Chief Financial 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 is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This next-generation technology provides a First Line of Defense® against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

 

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