Corero Network Security PLC (LON:CNS) has received two new orders for its SmartWall Threat Defense System technology and said two additional incremental orders are expected later in 2018.
The AIM-listed cybersecurity provider said the new contract wins, with a combined value of US$0.9mln, consist of a new deal with a UK-based multi-brand media company and an ongoing development for an existing customer.
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Corero added that further material orders were expected in 2018 from its existing customer as part of the client’s global expansion and SmartWall deployment plan.
The group said new cyber-security regulatory requirements are driving companies to invest in appropriate defences, such as Corero's Smartwall solution, to reduce their compliance risk.
Andrew Lloyd, Corero's president and EVP Sales and Marketing said: "We are delighted to have secured two significant pieces of business, further demonstrating that Corero's technology is providing an increasing number of digital enterprises with real-time DDoS mitigation solutions in response to the rampant growth of commercial and industrial cybercrime.
He added: "We are steadily building a strong pipeline of new business opportunities and believe the recent escalation in DDoS attacks globally will continue to underpin this demand."