Significant June 2024 New Customer Wins

Corero Network Security PLC

10 July 2024

 

10 July 2024

Corero Network Security plc

("Corero" or the "Company")

Significant June 2024 New Customer Wins

Total contract value $2.2 million

Corero (AIM: CNS) (OTCQB: DDOSF), the distributed denial of service ("DDoS") protection specialists, is pleased to announce that the Company has received significant new orders for its market-leading SmartWall ONE^TM DDoS protection solutions to close out Q2 2024, continuing Corero's robust 2024 customer acquisition momentum (the "Orders").

The following Orders, which have a total contract value of $2.2 million, are summarised below:

·    New customer: 3-year, $1 million plus contract with a top-10 US fiber provider, with Corero replacing the incumbent solutions provider in a number of the provider's US data centres. Corero is deploying its suite of sophisticated DDoS mitigation solutions, including the Company's market-leading application SmartWall ONE^TM.

·    New customer: a North American network neutral interconnection, co-location and data centre specialist, with Corero replacing the existing DDoS protection provider. Corero is deploying a solution comprising of SmartWall ONE^TM as well as SecureWatch® Managed Services and Cloud Mitigation functionality.

·    New customer: a Canadian major utility owned regional communications and internet service provider. Corero is implementing the Company's SmartWall ONE^TM solution, augmented by the Service Portal and the recently launched IP Intelligence service, to provide world-class service availability for the client.

·    New customer: a leading UK provider of business-to-business connectivity solutions and services. This new customer chose SmartWall ONE^TM as the solution allows for scale and flexibility to facilitate the provider's rapid growth trajectory.

Carl Herberger, Chief Executive Officer at Corero, commented:

"These key customer wins build on our continued new business momentum generated throughout Q2 2024, with all four choosing to replace their existing solutions with Corero's market-leading SmartWall ONE^TM technology.

Securing these significant new mandates completes a successful half-year period for the Company and provides a strong base from which we can further grow our global market presence and enhance our service offering in the remainder of the year and beyond."

Enquiries:

Corero Network Security plc	Tel: [phone]
Carl Herberger, Chief Executive Officer
Chris Goulden, Chief Financial Officer
Canaccord Genuity Limited (Nominated Adviser and Joint Broker)	Tel: [phone]
Simon Bridges / Andrew Potts / Harry Rees Zeus Capital (Joint Broker) Stuart Andrews / Alice Lane	Tel: [phone]
Vigo Consulting	Tel: [phone]
Jeremy Garcia / Kendall Hill
[e-mail]

About Corero Network Security

Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero's technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centres in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB market (OTCQB: DDOSF).

For more information, visit www.corero.com, and follow us on LinkedIn and Twitter.

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