The contracts continue to roll in for cyber-security specialist Corero Network Security (LON:CNS), with the latest being from a European regional service provider.
The company said the order for its SmartWall Threat Defense System (TDS) was the first significant one from a European regional supplier, and is valued at more than $200,000.
The solution comprises multiple Corero SmartWall TDS products, with supporting SecureWatch services for one year, which will enable the customer to not only protect its infrastructure from distributed denial of service (DDoS) attacks – where a company's server is overwhelmed by a multitude of access requests - but to also offer DDoS protection-as-a-service to the regional service provider's growing customer base.
"The opportunity for Corero in the European service provider and hosting provider markets is significant,” asserted Ashley Stephenson, chief executive of Corero.
“The SmartWall TDS automatic, in-line and real-time DDoS mitigation technology is uniquely positioned to deliver infrastructure protection and revenue generating security services to this growing customer base," he added.
The shares shot up 11.2% to 24.74p on the news and are up 62% year-to-date, following a number of contract wins.