Corero Network Security PLC Customer Win (0977Q)
June 04 2018 - 2:00AM
UK Regulatory
TIDMCNS
RNS Number : 0977Q
Corero Network Security PLC
04 June 2018
4 June 2018
Corero Network Security plc
("Corero" or the "Company")
CUSTOMER WIN
Digital enterprise customer order $0.7 million
Corero Network Security plc (AIM: CNS), the global network
security company, is pleased to announce a $0.7m order for its
SmartWall(R) Threat Defense System ("SmartWall") technology from an
existing digital enterprise customer.
The order is part of this customer's ongoing deployment and
includes multiple SmartWall products with supporting SecureWatch(R)
services for three years. Corero has generated orders of $1.0m from
this customer in 2018 (orders which the Company reported in the
Trading Update dated 21 December 2017 were delayed to 2018).
Further additional orders are expected in the second half of
2018 as part of the customer's ongoing global expansion and
SmartWall deployment plan.
Andrew Lloyd, Corero President and EVP Sales and Marketing,
said:
"The delivery of real-time DDoS protection is fast becoming the
critical component in the defence against large scale cyber
breaches and this expansion order provides further confirmation
that SmartWall and our SecureWatch service combine to deliver on
our protection promise.
With many digital enterprise organisations now adopting a zero
tolerance approach for any degraded performance or service downtime
from a DDoS attack, the resulting potential loss of revenue,
reputation or regulatory breach continues to fuel our new business
momentum."
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876 382
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7830 9703
Jeremy Garcia / Ben Simons
corero@vigocomms.com
About Corero Network Security
Corero Network Security is the leader in real-time,
high-performance DDoS defense solutions. Service providers, hosting
providers and digital 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 industry
leading technology provides cost effective, scalable protection
capabilities 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
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END
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