Corero Network Security PLC Significant Customer Momentum
02 Octubre 2023 - 1:00AM
RNS Non-Regulatory
TIDMCNS
Corero Network Security PLC
02 October 2023
2 October 2023
Corero Network Security plc
("Corero", or "the Company")
Strong Start to H2 2023 Driven by Significant Customer
Momentum
Corero generates c.$2 million of orders in Q3 2023
Corero Network Security plc (AIM: CNS), a leading provider of
distributed denial of service ("DDoS") protection solutions ,
announces a number of significant orders from both new and existing
customers signed during Q3 2023 for its market-leading SmartWall
(R) DDoS protection solutions ("Orders").
The following Orders, which total approximately $2 million
(average value per customer of $481,000) over the course of the
contracts, are summarised below:
-- New customer: a US-based provider of communication
technologies and services. This new customer needed a solution to
protect its infrastructure against DDoS attacks alongside the
ability to sell DDoS protection services to its customer base. The
order comprises the full Corero solution suite, including SmartWall
DDoS protection, SmartWall Service Portal software, and
SecureWatch(R) services.
-- Contract expansion: a North America regional provider of
internet and phone services. This existing customer's new
three-year DDoS protection as a service order comprises SmartWall
DDoS protection solutions and SecureWatch(R) services .
-- Contract expansion: a leading service provider delivering
data and communication services across the Caribbean, Central
America, and Asia Pacific. This existing customer's new three-year
DDoS protection as a service order comprises SmartWall DDoS
protection solutions and SecureWatch(R) services.
-- New customer: a communication service provider within the
Southern Asian region. This order followed a successful Proof of
Concept and strong commercial business case. The order comprises
SmartWall DDoS protection solutions for 500Gbps of traffic
throughout the region.
Jens Montanana, Executive Chairman, commented:
"We are pleased to have secured these important customer wins
and report a strong start to our second half of the year. We are
continuing to build upon the momentum gained during the first six
months of 2023 as demonstrated by these recent successes. "
Enquiries:
Corero Network Security plc Tel: +44 (0) 20 7390 0230
Jens Montanana, Executive Chairman
Phil Richards, CFO
Tel: +44 (0) 20 7523 8000
Canaccord Genuity Limited (Nominated Adviser
and Broker)
Simon Bridges / Andrew Potts / Harry Rees
Tel: +44 (0) 20 7390 0230
Vigo Consulting
Jeremy Garcia / Kendall Hill
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).
For more information, visit www.corero.com , and follow us on
LinkedIn and Twitter .
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END
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October 02, 2023 02:00 ET (06:00 GMT)
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