Corero Network Security PLC Record Q3 Order Intake (6822A)
October 01 2020 - 2:00AM
UK Regulatory
TIDMCNS
RNS Number : 6822A
Corero Network Security PLC
01 October 2020
1 October 2020
Corero Network Security plc
("Corero" or the "Company")
Record Q3 Order Intake
Over $6 million of orders secured in the Company's third
quarter
Corero Network Security plc (AIM: CNS), a leading provider of
real-time, high-performance DDoS defense solutions , is pleased to
announce a record order intake in its third quarter for the three
months ended 30 September 2020, with over $6 million booked during
the quarter.
The orders include Corero's largest ever customer order; nine
new customer wins, including three customers in APAC (one a
tier-one Asian telecoms operator); and continued traction with
partners which include Juniper and GTT. Revenue associated with
these orders is recognizable over the course of the lifetime of
each of the contracts.
Customers within the Q3 order intake, include:
-- A multimillion-dollar upgrade win for an existing US-based
SaaS enterprise solutions provider. The order is for global
deployment of the latest SmartWall TDS solutions with supporting
SecureWatch(R) services over three years, through a Corero channel
partner;
-- A tier one Asian telecoms provider win for a SmartWall TDD
solution, secured through our partnership with Juniper Networks,
over two years;
-- Two Australian wins, including research, educational and
governmental infrastructure providers: one new customer order
involves several multiple SmartWall TDS 100Gbps solutions with
supporting SecureWatch(R) services for three years; and the other a
SmartWall TDD product sold through our partnership with Juniper
Networks, also over three years;
-- A major European telecom services provider win for a
three-year SmartWall TDD solution order with supporting services
also sold through our partnership with Juniper Networks;
-- A UK-based web-hosting provider win for a three-year DDoS
Protection-as-a-Service ("DDPaaS") order including multiple
SmartWall TDS solutions with supporting SecureWatch(R) services;
and
-- A US-based managed services provider win including web and
application network hosting, co-location and security solutions
provider. The DDPaaS order is for several SmartWall TDS solutions
with supporting SecureWatch(R) services, sold via a Corero channel
partner, over three years.
The deployment of these Corero solutions will enable these
customers and others won and renewed in the period to provide DDoS
protected services to their end-user customers.
Lionel Chmilewsky, Corero's CEO, said:
"I am extremely pleased with our Q3 performance, as not only
have we set a new record for order intake in the quarter, but we
have secured a number of new customers and seen our largest deal
value to date. The wins we have seen are fully aligned with our
strategy, which is to expand our international presence, to
penetrate global and tier one accounts, and to strengthen our
relationships and traction with key business partners. "
Enquiries:
Corero Network Security plc
Lionel Chmilewsky, Chief Executive Officer
Neil Pritchard, Group Finance Director Tel: +44(0)1895
876 382
Cenkos Securities plc Tel: +44(0)20 7397
8900
Ben Jeynes - Corporate Finance
Alex Pollen - Sales
Vigo Communications Tel: +44(0)20 7390
0230
Jeremy Garcia / Antonia Pollock
corero@vigocomms.com
About Corero Network Security
Corero Network Security is a 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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