Corero Network Security PLC (LON:CNS)

Corero Network Security PLC (LON:CNS)

Share Price
8.25 p
-0.125 (-1.49 %)
Market Cap
£33.16 m
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Corero Network Security PLC

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...

Market: AIM:CNS
52-week High/Low: 13.60p / 7.00p
Sector: Software & Computer Services
Market Cap: £33.16 m
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Big Picture – A Deep Dive Examination of Corero Network Security PLC

Corero Network Security PLC Snapshot

Distributed Denial of Service (DDoS) attacks continue to rise in size, frequency, and com­plexity, impacting the security and availability of the Internet. Service providers and the Internet connected business require automatic protection against this evolving threat landscape.

Corero Network Security is dedicated to improving the security and availability of the Internet through the deployment of innovative DDoS & Network Security Solutions. The Corero SmartWall® Threat Defense System (TDS) family of products can be deployed in various topologies, (in-line or  scrubbing). the SmartWall Threat Defense System (TDS) family of solutions utilizes modern DDoS mitigation architecture to automatically, and surgically remove DDoS attack traffic, while allowing good user traffic to flow uninterrupted.

The goal of the Corero automatic DDoS mitigation solution is to protect the customer’s network infrastructure, online services and confidential data from harmful DDoS attacks. The Corero solutions are the highest performing in the industry, while providing the most robust security coverage at unprecedented scale with the lowest total cost of ownership to the customer. These solutions are designed to provide real-time attack mitigation with continuous threat visibility, which allows our customers to also monetize DDoS Protection as-a-Service (DDPaaS) offerings. 

The Corero SmartWall TDS protects against the latest breed of DDoS attacks in seconds not minutes, including network and application layer attacks, volumetric and multi-vector attacks. These varied cyber-threats have the potential to challenge traditional network security defenses and compromise networks.

In a Hosting Provider environment the Corero First Line of Defense DDoS prevention solutions allow providers to offer comprehensive DDoS threat protection to their hosted customers as an extension of their current service offerings. This improves the overall value proposition and provides an opportunity to offer differentiated value-added security services,. while also protecting their own network infrastructure. DDoS protection

Internet Service Providers can take advantage of the Corero technology and addresses the DDoS challenge by delivering cloud based DDoS protection with real-time, DDoS attack protection and visibility for their customers.

In an Enterprise environment the Corero prevention solutions are designed to be deployed in front of traditional or next generation firewalls, IPS, ADC and other IT security infrastructure devices, preventing access to your network by untrusted and unwanted traffic, leaving enterprise networks at a reduced risk of having their web presence taken down or compromised as a result of a DDoS attack.

Award-winning DDoS protection products and services from Corero secure hosting providers, service providers and online enterprises around the world, allowing them to guarantee accessibility and ensure business success. In addition, the Corero SecureWatch® Service offers 24/7 security monitoring and access to the Corero Security Operations Center (SOC) staffed by experts in the mitigation of sophisticated cyber-attacks.

Corero US headquarters are located in Marlborough, Massachusetts, and its European headquarters are in London, England with additional offices throughout the world.

Real-Time DDoS Protection Solutions
SmartWall® Threat Defense System

Family of SmartWall DDoS Protection Solutions

The Corero SmartWall Threat Defense System (TDS) delivers comprehensive DDoS protection, eliminating attacks automatically and in real-time. The SmartWall Network Threat Defense (NTD) solutions include innovative technology for the mitigation of DDoS attacks of all sizes, including stealthy sub-saturating attacks, in seconds vs minutes (in contrast to legacy DDoS solutions), allowing good user traffic to flow uninterrupted and enabling applications and services to remain online, continuously, even whilst under attack.
Organizations can deploy any combination of SmartWall NTD solutions to deliver surgical DDoS threat protection without impacting the performance or connectivity of their physical and virtualized networks. The SmartWall DDoS protection solution delivers 24/7 visibility and mitigation of volumetric DDoS attacks at layers 3 thru 7, for both IPv4 and IPv6 traffic.
Any combination of SmartWall real-time, automatic, DDoS protection can be deployed for industry-leading surgical mitigation, at speed and scale. Your deployment needs are covered with varied deployment topologies, including always-on or scrubbing - these solutions can be deployed to best fit the needs of your environment.

Click here to explore our products.

SmartWall® Service Portal
DDoS Attack Monitoring Reports & Dashboards

Provide DDoS Protection as-a-Service to Your Customers

Service providers and hosting providers, are tasked with differentiating their services to protect and retain existing customers, and attract new ones. By enabling DDoS Protection as-a-Service (DDPaas) you are not only safeguarding your customers from the impact of devastating DDoS attacks, you are empowered to increase per customer service revenue.

The SmartWall Service Portal is powered by award-winning real-time DDoS mitigation technology, the SmartWall Threat Defense System (TDS). This always-on technology provides DDoS defense for your infrastructure and your customers. The SmartWall TDS is capable of surgically mitigating a wide range of DDoS attacks at line rate, all while maintaining full connectivity to avoid disrupting the delivery of legitimate traffic. It is designed to handle large network-based DDoS attacks or floods, as well as short duration, low volume attacks, typically too small and too short in duration to be effectively mitigated by out of band solutions.DDoS attack monitoring dashboard

The SmartWall Service Portal provides per-customer visibility and administration for:

.Traffic and DDoS attack monitoring dashboards globally, and per customer
. Role-based access for provider and customers
. DDoS attack reporting and service alerting
. Customer life-cycle management functions

This web application portal enables providers to onboard customers, assign DDoS protection service levels and view attack dashboards for each. Protected customers can login to their own view, to access traffic and DDoS attack reporting and analytics, and understand the value of the DDoS protection they are receiving. 

With the SmartWall TDS and Service Portal capabilities, providers can effectively protect their network from DDoS attacks, eliminating service outages and bandwidth loss due to attacks, and achieving ROI from their DDoS mitigation appliance investment in as little as just a few months*.

The SmartWall Service portal is also a component of the Corero SmartProtect program, a new DDPaaS initiative designed for a broad ecosystem of service providers – hosted, managed and ISP – which enables these operators the capability to deliver advanced DDoS protection as a premium high-value managed service to their customers, with an easily digestible economic model.


USA, UK, Spain & Germany.



Jens Montanana, Chairman

Jens Peter Montanana (non-executive Chairman) is the founder and CEO of Datatec Limited, established in 1986. Between 1989 and 1993 Jens served as managing director and vice-president of US Robotics (UK) Limited, a wholly owned subsidiary of US Robotics Inc., which was acquired by 3Com. In 1993, he co-founded US start up Xedia Corporation in Boston, an early pioneer of network switching and one of the market leaders in IP bandwidth management, which was subsequently sold to Lucent Corporation in 1999 for $246 million. In 1994, Jens became CEO of Datatec Limited. Datatec Limited listed on the Johannesburg Stock Exchange in 1994 and on AIM in 2006. Jens has previously served on the boards and sub-committees of various public companies.


Ashley Stephenson, CEO

Ashley Stephenson (CEO) first joined Corero Network Security as Executive Vice President of the Network Security division, with responsibility for product and solution strategy in March 2012, and was appointed chief executive officer of the division in January 2013. An IT industry executive and Internet technology entrepreneur, Ashley has operating experience in the United States, Europe and Asia. Previously, he was CEO of Reva Systems, acquired by ODIN, and Xedia Corporation, acquired by Lucent. He has provided strategic advisory services to a number of leading multi-national IT companies including technology vendors, distributors and services companies. Ashley began his career at IBM Research & Development in the UK. He is a graduate of Imperial College, London with a degree in Physics and an Associate of the Royal College of Science.


Andrew Lloyd, President and EVP Sales & Marketing

Andrew Lloyd (non-executive director) has been involved in the IT software and systems sector for more than 25 years. His career has included roles in early stage and high-growth pre-IPO ventures including PrismTech and Workplace Systems, as well as large corporations such as Computer Associates and Oracle. Most recently, Andrew was Chief Customer Officer at private equity backed Workplace Systems and part of the leadership team which subsequently sold the business to US-based WorkForce Software in June 2016.  Following the sale, Andrew was appointed SVP Sales for WorkForce Software with responsibility for leading the sales teams in EMEA and Asia Pacific regions while completing the post-acquisition integration of the Workplace Systems business. Andrew has a BSc (Hons), Electronic and Electrical Engineering from Heriot-Watt University, Scotland.


Andrew Douglas Miller, Chief Financial Officer

Andrew Douglas Miller (CFO and Executive Director responsible for finance) was with the Datatec Limited group in a number of roles between 2000 and 2009 including the Logicalis Group Limited (“Logicalis”) Operations Director and Corporate Finance and Strategy Director. Andrew led the Logicalis acquisition strategy, acquiring and integrating 12 companies in the US, UK, Europe and South America. Prior to this, Andrew gained considerable corporate finance experience in London with Standard Bank, West Deutsche Landesbank and Coopers & Lybrand. Andrew trained and qualified as a chartered accountant and has a bachelor’s degree in commerce from the University of Natal, South Africa.


Richard Last, Non-executive Director

Richard Last (non-executive director) is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA). Richard is Chairman of a number of companies including ITE Group plc, an international trade exhibitions and conferences company quoted on the London stock exchange, Arcontech Group, a provider of IT solutions for the financial services sector which is listed on AIM; Lighthouse Group plc, an AIM listed financial services group; Gamma Communications plc, a provider of voice, data and mobile services for the business market; Tribal Group plc, a provider of software and services to the education management market and the British Smaller Technology Companies VCT 2 plc, a fully listed Venture Capital Trust. He is also a director of a number of private companies.

Major shareholders

As of 19 October 2018 the following shareholders held more than 3% of the issued share capital:

Significant Shareholders

Miton UK Microcap Trust PLC
Richard Koch
Herald Investment Management 30,306,406 7.5%
Sabvest Capital Holdings Limited 
Peter Gain* 21,278,246 5.3%
Juniper Networks, Inc 17,008,969 4.2%

* of which 4,900,000 shares are held in the name of Draper Gain Investments Ltd


Corero Network Security Inc.
225 Cedar Hill Street
Suite 337
Marlborough, MA 01752
Tel: +1 978 212 1500
Email: [email protected]


United Kingdom
Corero Network Security plc
Regus House, Highbridge, Oxford Road
Uxbridge UB8 1HR, UK
Tel: +44 (0) 1895 876579
Email: [email protected]

53 Hanover Street, 3rd Floor
Edinburgh, EH2 2PJ, UK
Email: [email protected]

C/Ribera del Loira, 46
28042 Madrid, España
Email: [email protected]

Pappelallee 78-79
10437 Berlin, Germany
Email: [email protected]

Nominated Advisor and Broker
Cenkos Securities Plc
6.7.8 Tokenhouse Yard, London, EC2R 7AS

55 Baker Street, London, W1U 7EU

Solicitors to the Company
Dorsey and Whitney (Europe) LLP
199 Bishopsgate, London, EC2M 3U

Registrars and Transfer Office
Link Asset Services
6th Floor, 65 Gresham Street, London, EC2V 7NQ

Shareholder contact: [email protected]

Investor contacts
Secretary and Registered Office
Duncan Swallow
Regus House, Highbridge, Oxford Road, Uxbridge, Middlesex, UB8 1HR

Public Relations Advisers
Vigo Communications
Sackville House, 40 Piccadilly, London W1J 0DR
Tel: +44 (0) 207 7390 0230

Contact: [email protected]

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