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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
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The Markets
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Software & services

Corero Network Security lands US$4mln hosting-market orders

“These wins are also a testament to the strength of our class-leading DDoS protection technology and our comprehensive understanding of this important customer space," said chief executive Lionel Chmilewsky

Corero Network Security PLC (AIM:CNS), a specialist cybersecurity provider, said it won contracts worth US$4mln in the hosting provider market segment.

It secured orders from a major US cloud infrastructure hosting provider, an American hosting group with operations on both sides of the Atlantic and expansion business from a channel partner.

Revenues will be recognised over the lifetimes of the contracts, Corero told investors.

Chief executive Lionel Chmilewsky added: "I'm delighted to have secured these recent significant customer wins in the hosting market, cementing our expertise in this area and building upon the data centre and co-location business customer orders secured in the first half of the year.

“These wins are also a testament to the strength of our class-leading DDoS protection technology and our comprehensive understanding of this important customer space."

Corero has developed its SmartWall and SecureWatch platforms to provide cost-effective protection from distributed denial of service (DDoS), a cyber-attack where a hacker takes control of a machine or network.

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