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Corero Network Sec. - Over $1.0 million of customer orders secured

RNS Number : 5459R
Corero Network Security PLC
30 October 2019
 

30 October 2019

Corero Network Security plc

("Corero" or the "Company")

 

Over $1.0 million of customer orders secured

New Juniper customers and 100Gbps product orders

 

Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce new customer orders through the Juniper resale partnership as well as two separate 100Gbps orders, totaling over $1.0 million, for the Company's leading SmartWall DDoS protection products.

 

The Juniper resale deals follow successful trials, which further demonstrated the value of combining Juniper's MX Series router and Corero's Threat Defense Director SmartWall software solution.  During these trials, the Corero / Juniper collaboration delivered market leading protection against the threat posed by DDoS attacks as well as enabling these Juniper customers to generate incremental revenue by delivering DDoS protection services to their own customers.  These Juniper customers are a leading S&P 500 communication infrastructure provider and a large Japanese electronics company.

 

In addition, the Company is pleased to announce further sales of its 100Gbps solution; a new US regional Internet service provider customer and a significant expansion order from a US based top 10 hosting provider customer.

 

Ashley Stephenson, Corero CEO, said:

 

"We are delighted to announce over $1 million of new orders and more importantly, to confirm encouraging sales progress from our strategic partnership with Juniper. These wins further demonstrate the growing opportunity of 100Gbps DDoS protection solutions as customers expand their Internet connectivity, and further reinforces our view that the Juniper partnership has the potential to fuel significant contract momentum in the medium term."

 

Enquiries:

 

Corero Network Security plc


Andrew Miller, CFO

Tel: 01895 876 382



Cenkos Securities plc

Tel: 020 7397 8900

Ben Jeynes- NOMAD

Michael Johnson - Sales




Vigo Communications

Tel: 020 7390 0230

Jeremy Garcia / Antonia Pollock / Charlie Neish

[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

 

The information contained within this announcement was deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 prior to release of this announcement. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Corero Network Security PLC

Price: 8.25

Market: AIM
Market Cap: £40.83 m
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