Significant Strategic Global Partnership

Corero Network Security PLC

20 September 2023

 

20 September 2023

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

Corero Network Security plc

("Corero", or "the Company")

Significant strategic global partnership announced between Corero and Akamai

Corero Network Security plc (AIM: CNS), the specialists in distributed denial of service (DDoS) protection solutions, and Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, have entered into a global partnership agreement with Akamai now offering Corero on-premises DDoS protection to extend Akamai Prolexic, Akamai's own comprehensive portfolio of DDoS security solutions.

Akamai Prolexic On-Prem (powered by Corero) will offer customers flexible, automatic DDoS protection in their own networks, datacenters and self-hosted environments using Corero's SmartWall ONE DDoS protection solutions. Akamai Prolexic Hybrid will combine on-premises DDoS protection from Corero with Akamai Prolexic cloud DDoS defense into a comprehensive hybrid DDoS protection solution.

Both companies plan to deepen the collaboration further to provide industry-leading infrastructure security solutions by extending seamless cloud signaling, automation, and threat intelligence reporting.

This partnership will expand Corero's routes to market and deliver incremental revenue growth opportunities for Corero.

Ashley Stephenson, Chief Technology Officer, commented:

"This global partnership, with a recognised industry leader, to extend the Akamai Prolexic security offering with on-premises DDoS protection powered by Corero, is a significant endorsement of our SmartWall ONE product family and will strategically expand Corero's presence in the market.

"The combination of Corero and Akamai's highly complementary technologies for on-premises and cloud DDoS defense will deliver a best-in-class hybrid DDoS protection solution to meet the evolving needs of customers to provide effective protection from one of the most prevalent forms of cyberattacks."

Enquiries:

Corero Network Security plc Jens Montanana, Executive Chairman Phil Richards, CFO	Tel: [phone]
Canaccord Genuity Limited (Nominated Adviser and Broker) Simon Bridges / Andrew Potts / Harry Rees	Tel: [phone]
Vigo Consulting Jeremy Garcia / Kendall Hill	Tel: [phone]

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).

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

 

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