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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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Software & services

Corero surges after bagging significant contract win with North American ISP

To put the US$300,000 contract win into perspective, Corero's revenue in its last financial year was US$8.8mln

Cyber-security specialist Corero Network Security PLC (LON:CNS) has displaced a competitor with its SmartWall technology at a North American regional internet service provider (ISP).

The AIM-listed company said the unnamed ISP has selected the SmartWall Threat Defense System technology to power a new distributed denial of service (DDoS) mitigation service; a DDOS attack is when a malicious agency floods an ISP’s servers with input/output requests, bringing traffic flow to a halt.

READ: Corero customer renews US$200,000 SmartWall contract for third straight year

The contract is worth US$300,000 and allows the customer to use a range of Corero SmartWall products, including SecureWatch and Corero Service.

"This customer win reinforces our claim that SmartWall is the leading real-time DDoS mitigation solution,” said Andrew Lloyd, president and executive vice president of sales and marketing for Corero.

READ: Corero Network Security bags first Aussie contract and says more to come

“The order is also another example of SmartWall being deployed at a provider whose core network is built on Juniper Networks routing and switching network technology,” he added.

The shares rose 8.1% to 7.43p on the announcement.

--- adds share price reaction ---

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