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Corero Network Security wins US$1.8mln of contracts with new and existing customers

Corero signed up a US research university as a new customer for its Juniper SmartWall software

Corero Network Security PLC -

Corero Network Security PLC (LON:CNS) has secured US$1.8mln in contracts with new and existing customers to supply its Smartwall software.

Corero makes software that protects networks against the threat posed by distributed-denial-of-service (DDoS) attacks, which is where traffic flow on a network grinds to a halt as a result of an overwhelming flood of input/output requests.

In a statement on Thursday, the AIM-listed company said that it had gained a new customer, with a US research university signing on for a subscription to its Juniper SmartWall software.

In addition, Corero received additional orders from four customers, including a global cloud security provider and a software-as-a-service (SaaS) customer, who have both added three-year contracts for SecureWatch data services, to provide 10Gbps solutions.

Moreover, a US regional service provider has signed a one-year contract for SecureWatch, to provide solutions for its ongoing upgrade to 100Gbps connectivity.

Another long-standing US regional service provider for SmartWall will also receive 10Gbps solutions as part of a two-year contract.

Ashley Stephenson, chief executive, said: "We are pleased to have secured another new customer with Juniper for the Corero SmartWall technology.  

“In parallel, to have added further SmartWall business from our existing customers as their businesses grow, continues to contribute to our strong momentum," he noted.

Quick facts: Corero Network Security PLC

Price: 8.25 GBX

Market: AIM
Market Cap: £40.83 m

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