Corero Network Security PLC Significant New DDoS Protection Contract
17 Octubre 2023 - 1:00AM
RNS Non-Regulatory
TIDMCNS
Corero Network Security PLC
17 October 2023
17 October 2023
Corero Network Security plc
("Corero", or "the Company")
Significant New DDoS Protection Contract
New Contract Opens High Growth Satellite Service Provider
Sector
Corero Network Security plc (AIM: CNS), a leading provider of
distributed denial of service ("DDoS") protection solutions,
announces it has secured a new contract with a leading global
satellite service provider, the first for Corero in the high growth
multi-$billion satellite service market, which is forecast to grow
at a CAGR of >20% by 2030(1) .
The contract, which has a total value in excess of $500,000,
will deliver SmartWall ONE ultra-low latency DDoS protection across
a network of globally positioned ground stations, signifying an
important strategic milestone from a vertical market expansion
perspective.
This contract win will allow Corero to focus on delivering
further expansion in this high growth vertical, alongside
demonstrating the need for protecting satellite services from DDoS
attacks and is expected to drive additional sector opportunities
for Corero.
The addition of this new customer, with an extensive presence
across Europe, will also further expand Corero's operational
footprint in the region.
Jens Montanana, Executive Chairman, commented:
"I am delighted that we have added this significant customer to
our growing portfolio of global service providers. Having one of
the world's leading satellite service providers working with Corero
opens up an additional vertical market for us to target, and
further demonstrates the reach, relevance and appeal of Corero's
SmartWall ONE product."
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 distributed
denial of service (DDoS) protection solutions. We are specialists
in automatic detection and protection solutions, that include
network visibility, analytics, and reporting tools. Corero's
technology provides scalable protection capabilities against both
external DDoS attackers and internal DDoS threats, in even the most
complex edge and subscriber environments, ensuring internet service
availability and uptime. Corero's key operational centres are in
Marlborough, Massachusetts, USA, and Edinburgh, UK, with the
Company's headquarters in London, UK. The Company is listed on the
London Stock Exchange's AIM market under the 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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