Corero Network Security PLC Customer Wins (5334J)

TIDMCNS

RNS Number : 5334J

Corero Network Security PLC

03 April 2018

3 April 2018

Corero Network Security plc

("Corero" or the "Company")

CUSTOMER WINS

Corero secures several customer orders worth $1.2 million

Corero Network Security plc (AIM: CNS), the global network security company, is pleased to announce a $0.3 million order for its SmartWall(R) Threat Defense ("SmartWall") technology with a a cloud-based web development customer, a $0.2 million order for its SmartWall technology with a digital enterprise customer, a $0.2 million follow-on order with a UK government customer and a $0.5 million customer support renewal.

These wins include a customer order which, as reported in the Trading Update dated 21 December 2017, was delayed to 2018, and a significant customer renewal. Key highlights include:

-- $0.3 million order for the initial data centre deployments with a global cloud-based web development company. The order includes multiple SmartWall products and supporting SecureWatch services for three years. It is anticipated that further material orders will follow later in 2018 and in 2019 as Corero's SmartWall technology is deployed in the customer's other worldwide locations.

-- $0.2 million for the on-going world-wide implementation of SmartWall Distributed Denial of Service ('DDoS') mitigation, protecting the core communication and IT infrastructure for a large digital enterprise. Corero secured the initial order in Q3 2017. The order includes multiple SmartWall products with supporting SecureWatch services for one year. Further material orders are expected in 2018 as Corero's SmartWall technology is deployed in additional locations.

-- $0.2 million for the significant expansion of DDoS mitigation capacity for an existing governmental customer in the UK. The order includes multiple SmartWall products with supporting SecureWatch services for one year.

   --      $0.5 million one-year SecureWatch services renewal for a top 10 US cloud hosting provider.

Andrew Lloyd, Corero President and EVP Sales and Marketing, said:

"March 2018 has been an unprecedented month for the global DDoS sector with the record for the largest reported attack having been broken twice. We are seeing zero tolerance for service downtime due to cyber-attacks from many digital enterprises and the operators of essential services for critical national infrastructures and are delighted that our customers continue to recognise that SmartWall delivers real-time protection from DDoS cyber-attacks.

"Our service provider customers are at the sharp end of these attacks and continue to face ever increasing service level demands from their customers. Our recent new contracts and renewal success further validates the effectiveness of SmartWall and our customers' ongoing satisfaction with our SecureWatch service."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                             Tel: 01895 876 
                                                     382 
 
     Cenkos Securities plc                          Tel: 020 7397 
                                                     8900 
     Mark Connelly / Bobbie Hilliam - NOMAD 
      Michael Johnson - Sales 
 
     Vigo Communications                            Tel: 020 7830 
                                                     9703 
     Jeremy Garcia / Ben Simons / Emma 
      Lord 
      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

This information is provided by RNS

The company news service from the London Stock Exchange

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