Regulatory Filings • Jul 4, 2016
Regulatory Filings
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National Storage Mechanism | Additional information
RNS Number : 0941D
Corero Network Security PLC
04 July 2016
4 July 2016
Corero Network Security plc
("Corero" or the "Company")
Contract Wins
Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce two orders for its SmartWall® Threat Defense System ("SmartWall TDS") from Cloud hosting providers.
The orders, with a combined value of $400,000, follow successful Proof of Concept ("POC") trials during which Corero was able to demonstrate the effectiveness of having in-line, real-time Distributed Denial of Service ("DDoS") protection delivered by the SmartWall TDS.
The customers are growing providers focused on helping businesses become cloud enabled with scalable, reliable and secure hosting solutions. A critical component of this value proposition is ensuring up-time in the face of cyber attacks such as DDoS.
As with previous customer wins, a key element of the sales process was the perceived value of Corero's automatic mitigation. The customer solutions comprise multiple Corero SmartWall TDS products with supporting SecureWatch® services for one year.
Ashley Stephenson, CEO of Corero, commented:
"Cloud hosting providers are acutely aware of the DDoS threat to their infrastructure and the need to include DDoS defense in their managed security services offerings for their customers. Smartwall TDS is capturing market share in this strategic segment with its proven ability to deliver automated protection with industry leading price performance."
Enquiries:
| Corero Network Security plc | ||
| Andrew Miller, CFO | Tel: 01895 876 382 | |
| Cenkos Securities plc | Tel: 020 7397 8900 | |
| Bobbie Hilliam - NOMAD Alex Aylen - Corporate Broking |
||
| Redleaf Communications | Tel: 020 7382 4747 | |
| Rebecca Sanders-Hewett/David Ison/Susie Hudson | [email protected] | |
About Corero Network Security
Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This next-generation technology provides a First Line of Defense® against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com
This information is provided by RNS
The company news service from the London Stock Exchange
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