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Corero Network Sec. - Contract Wins

RNS Number : 7123E
Corero Network Security PLC
08 July 2019

8 July 2019

Corero Network Security plc

("Corero" or the "Company")


Contract wins


Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce two new customer orders as well as two expansion orders from existing Corero customers, totaling $1.0 million, for the Company's leading SmartWall DDoS protection products.


The first order is with a global cloud infrastructure provider, which has deployed SmartWall 10Gps products in multiple data centres, with a supporting one-year contract for SecureWatch® services. The order follows a proof of concept ("POC") trial in which Corero successfully demonstrated SmartWall's real-time DDoS protection as critical for delivering latency sensitive cloud hosting services.


In addition, an internet service provider has also ordered a suite of SmartWall 10Gps products, deployed in multiple data centres, with a supporting one-year contract for SecureWatch® services. The order also follows a successful POC trial in which Corero demonstrated the value of the SmartWall real-time DDoS protection as critical in the delivery of secure internet connectivity access.


Furthermore, an existing global cloud security customer has ordered a suite of SmartWall 10Gps products, with a supporting three-year contract for SecureWatch® services, to protect its additional internet capacity which supports its growing business.


Finally, a leading global cloud services provider and longstanding Corero customer has ordered further SmartWall 10Gps products, with a supporting three-year contract for SecureWatch® services, for two additional data centre sites.


Ashley Stephenson, Corero CEO, said:


"These significant customer orders further demonstrate the continued demand for our SmartWall products.


We are pleased to support these customers as they increase the security and scale of their networks to deliver the services that power their respective businesses."




Corero Network Security plc

Andrew Miller, CFO

Tel: 01895 876 382

Cenkos Securities plc

Tel: 020 7397 8900

Mark Connelly / Camerion MacRitchie- NOMAD

Michael Johnson - Sales

Vigo Communications

Tel: 020 7390 0230

Jeremy Garcia / Ben Simons /Antonia Pollock

[email protected]


About Corero Network Security


Corero Network Security is a leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital 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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Quick facts: Corero Network Security PLC

Price: 8.125

Market: AIM
Market Cap: £40.21 m

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