Allot Sees Increased Demand for Network Visibility and Control Solutions from Regulatory Agencies
October 02 2019 - 4:19AM
Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider
of innovative network intelligence and security solutions for
service providers and enterprises worldwide, today revealed a trend
that indicates increased global interest among regulatory agencies
for high-throughput network visibility and control solutions.
Over the first half of 2019, Allot reports a steady rise in the
number of inquiries from all types of regulatory agencies and
administrations around the globe. This trend spans all regions and
across various types of solutions, with a focus on demand for high
throughput, rapid deployment and a flexible multi-purpose platform.
The increase in inquiries includes demand for solutions such
as:
- Protection against DDoS (Distributed Denial of Service)
attacks – To defend assets from attacks intended to cripple
services by flooding servers with automated data requests
- QoE Monitoring – Used to ensure service providers
deliver promised levels of service to their subscribers
- Malicious Content Restriction – Including violent hate
content, known malware sites and child pornography
- Child Safety – Providing parents with tools for parental
content control and anti-cyber bullying
- Cyber Attack Prevention – Protecting institutional
assets from phishing, malware, ransomware, cryptojacking, etc.
Over the last few months, a number of regulatory agencies,
ranging from regional administrations to national bodies, have
selected Allot solutions over competitors, with more deals in
various stages of development. To keep up with the trend, Allot has
invested heavily in developing a new generation of highly scalable
real-time, high-throughput DPI capabilities, based on Machine
Learning Artificial Intelligence.
“The rise in demand for network visibility and control solutions
from regulatory agencies is a very positive development in a market
that keeps growing as threats evolve, and as our technology
advances,” said Ronen Priel, VP Product & Strategy at Allot.
“To meet the increased demand and ensure that our solutions
continue to deliver the highest levels of performance, stability
and security, Allot has been recruiting a host of new staff,
including experienced cyber security experts.”
Additional resources:
Allot Blog: https://www.allot.com/blog/
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About Allot
Allot Ltd. (NASDAQ, TASE: ALLT) is a provider of leading
innovative network intelligence and security solutions for service
providers and enterprises worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot's multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 21 million
subscribers in Europe. Allot. See. Control. Secure. For more
information, visit www.allot.com.
Forward Looking Statement
This release may contain forward-looking statements, which
express the current beliefs and expectations of Company management.
Such statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to
such differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
lower demand for key value-added services; our ability to keep pace
with advances in technology and to add new features and value-added
services; managing lengthy sales cycles; operational risks
associated with large projects; our dependence on third party
channel partners for a material portion of our revenues; and other
factors discussed under the heading "Risk Factors" in the Company's
annual report on Form 20-F filed with the Securities and Exchange
Commission. Forward-looking statements in this release are made
pursuant to the safe harbor provisions contained in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
Seth Greenberg
Allot
+972 549222294
sgreenberg@allot.com
Ruchi Pandey
Fusion PR for Allot
ruchi.pandey@fusionpr.com
Ehud Helft / Gavriel Frohwein
Allot Investor Relations
+1-646-688-3559
Allot@gkir.com
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