Significant Contract Win

RNS Number : 8819U

Corero Network Security PLC

30 October 2017

 

30 October 2017

Corero Network Security plc

("Corero" or the "Company")

Corero announces first SmartWall customer win in Australia

Corero Network Security plc (AIM: CNS), the AIM listed network security company, has secured its first SmartWall Threat Defense ("SmartWall") contract win in the Australian market.

The contract, worth more than US$200,000, is an expansion of an existing Digital Enterprise customer's SmartWall deployment as this customer rolls out real-time DDoS mitigation to its global locations. 

This additional contract win brings the total value of SmartWall wins with this customer in 2017 to US$1.3 million.

The demand for Corero's SmartWall solution comes amid high-profile commercial and industrial cyberattacks.

DDoS attacks are increasingly being used as a smokescreen for breach and malware attacks, with Corero's target market for its scalable SmartWall solution expanding beyond service providers and hosting providers to include increasing numbers of digital enterprises seeking always-on DDoS mitigation technologies. 

Andrew Lloyd, Corero President and EVP Sales and Marketing, said:

"Our unique technology addresses the increasing number of digital enterprises seeking always-on real-time DDoS mitigation solutions in response to the rampant growth of commercial and industrial cybercrime. 

"We are delighted to see SmartWall deployed in a new geography and with an additional new Australian customer win anticipated before the end of the financial year, we look forward to expanding our presence in this market.  We expect additional business from this customer in the coming months as it further deploys Corero's SmartWall technology across its global operations."

Enquiries:

Corero Network Security plc
Andrew Miller, CFO		Tel: [phone]
Cenkos Securities plc		Tel: [phone]
Mark Connelly/Bobbie Hilliam - NOMAD Michael Johnson - Corporate Broking
Redleaf Communications		Tel: [phone]
Elisabeth Cowell/Robin Tozer/Ian Silvera	[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 industry leading technology provides cost effective, scalable protection capabilities 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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