Corero Network Security PLC (LON:CNS) said it has secured several new orders for its cybersecurity technologies to the tune of US$1.2mln.
The AIM-listed cybersecurity firm said the orders included two for its SmartWall Threat Defense technology with a cloud-based web development customer and a digital enterprise customer, worth US$0.3mln and US$0.2mln respectively.
WATCH: Corero Network Security bags significant new wins and contract renewals
Corero added that it had received a US$0.2mln follow-on order from an existing government customer in the UK for the expansion of its Distributed Denial of Service (DDoS) mitigation capacity.
The group also announced a US$0.5mln renewal of its SecureWatch services for a top 10 US cloud hosting provider, delayed from 2017.
Andrew Lloyd, President of Corero and executive vice president of sales and marketing, said: "March 2018 has been an unprecedented month for the global DDoS sector with the record for the largest reported attack having been broken twice. We are seeing zero tolerance for service downtime due to cyber-attacks from many digital enterprises and the operators of essential services for critical national infrastructures and are delighted that our customers continue to recognise that SmartWall delivers real-time protection from DDoS cyber-attacks.
He added: "Our service provider customers are at the sharp end of these attacks and continue to face ever increasing service level demands from their customers. Our recent new contracts and renewal success further validates the effectiveness of SmartWall and our customers' ongoing satisfaction with our SecureWatch service."
Corero shares were up 8.7% to 6.2p in early morning trading Tuesday.