Corero Network Security PLC Significant Contract Win (7297Z)

TIDMCNS

RNS Number : 7297Z

Corero Network Security PLC

22 September 2015

Corero Network Security plc

("Corero" or the "Company")

Significant Contract Win

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce a major SmartWall(R) Threat Defense System ("SmartWall TDS") sale to a regional US service provider.

The order, valued at $0.7 million, provides protection against Distributed Denial of Service ("DDoS") attacks for the entire service provider's network, safeguarding both its infrastructure and its customers. The solution comprises multiple Corero SmartWall TDS appliances, deployed to protect more than 200G of connectivity and provide real-time DDoS attack mitigation, and SecureWatch(R) services for a one-year period.

The contract was secured following a successful Proof of Concept process.

Ashley Stephenson, CEO of Corero, commented: "Service providers are increasingly seeing the value of the Corero approach to solving DDoS challenges through 'always on', automatic threat protection and visibility as opposed to legacy monitoring and on-demand scrubbing solutions requiring manual intervention."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO and Chief                             Tel: 01895 876382 
      Operating Officer 
 
     FinnCap 
     Stuart Andrews/Carl Holmes (corporate                    Tel: 020 7220 0500 
      finance) 
     Stephen Norcross (corporate 
      broking) 
 
     Redleaf Communications                                   Tel: 020 7382 4747 
     Rebecca Sanders-Hewett/David                            cns@redleafpr.com 
      Ison/Susie Hudson

About Corero Network Security

Corero Network Security, an organization's First Line of Defense(R) against Distributed Denial of Service (DDoS) attacks and cyber threats, provide enterprises and service providers with an additional layer of security capable of inspecting and analysing Internet traffic and mitigating attacks. Corero products and services enhance existing security architecture with a scalable, flexible and responsive defence against DDoS attacks and cyber threats before they reach the targeted IT infrastructure, allowing online services to perform as intended. The Corero First Line of Defense(R) product family includes the Corero SmartWall(R) Threat Defense System (TDS) allowing for modular, highly scalable network visibility and DDoS defence for the Internet Service Provider, Datacentre and Hosting Provider, as well as the Large Enterprise.

For more information about how Corero solutions are eliminating the DDoS challenge for organisations across the globe, visit www.corero.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTSESFMFFISEEU

(END) Dow Jones Newswires

September 22, 2015 02:00 ET (06:00 GMT)

Corero Network Security (LSE:CNS)
Historical Stock Chart
From Oct 2024 to Nov 2024