11 April 2024
Corero Network Security
plc
("Corero"
or the "Company")
Significant $1.8m Contract
Win and Incumbent Replacement
Corero to supply DDoS
protection to TierPoint, a leading IT platform solutions
provider
Corero Network Security (AIM: CNS)
(OTCQB: DDOSF), the distributed denial of service ("DDoS")
protection specialists, is delighted to announce a new partnership
with TierPoint, a leading provider of secure, connected IT platform
solutions, to provide the backbone for its next-generation DDoS
defence infrastructure.
Corero replaces the incumbent
solutions provider and will deploy its suite of sophisticated DDoS
mitigation solutions, including the Company's market-leading
application SmartWall ONETM, further reinforcing the
superior capabilities and value of Corero's DDoS protection
offering.
TierPoint, with more than 800
employees and 40 data centres across 20 US markets, serves
thousands of customers domestically. This extensive scale
underscores the importance of advanced DDoS protection in
safeguarding the vast array of critical services and infrastructure
TierPoint manages.
The $1.8m contract with TierPoint
over a three-year period continues Corero's significant new
contract momentum in the cybersecurity space, further cementing the
Company's position as a preferred provider of innovative DDoS
protection solutions for enterprises worldwide.
Carl Herberger, Chief Executive Officer of Corero,
commented:
"We are thrilled to welcome TierPoint into the Corero family.
The partnership is testament to the hard work and tenacity of our
entire team and underscores the trust and confidence businesses
place in our premium DDoS solutions.
This sizeable contract win not only highlights our
market-leading product offering but further reinforces our ongoing
commitment to providing unparalleled service and support across our
global customer footprint."
Paul Mazzucco, Chief Security Officer at TierPoint,
commented:
"Corero's innovative approach and proven track record in DDoS
protection were key factors in our decision, highlighting their
leadership and expertise in the cybersecurity
domain."
Enquiries:
Corero Network Security plc
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Tel: +44(0)20 7390 0230
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Carl Herberger, Chief Executive
Officer
|
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Phil Richards, Chief Financial Officer
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|
|
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Canaccord Genuity Limited (Nominated Adviser and
Broker)
|
Tel: +44(0)20 7523 8000
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Simon Bridges
/ Andrew Potts / Harry Rees
|
|
|
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Vigo
Consulting
|
Tel: +44(0)20 7390 0230
|
Jeremy Garcia / Kendall
Hill
|
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corero@vigoconsulting.com
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About Corero Network Security
Corero Network Security is a leading
provider of DDoS protection solutions, specializing in automatic
detection and protection solutions with network visibility,
analytics, and reporting tools. Corero's technology protects
against external and internal DDoS threats in complex edge and
subscriber environments, ensuring internet service availability.
With operational centres in Marlborough, Massachusetts, USA, and
Edinburgh, UK, Corero is headquartered in London and listed on the
London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB
market (OTCQB: DDOSF).
For more information,
visit www.corero.com,
and follow us on LinkedIn and Twitter.
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