10 July 2024
Corero Network Security
plc
("Corero"
or the "Company")
Significant June 2024 New
Customer Wins
Total contract value $2.2
million
Corero
(AIM: CNS) (OTCQB:
DDOSF), the distributed denial
of service ("DDoS") protection specialists, is pleased to
announce that the Company has received
significant new orders for its
market-leading SmartWall ONETM DDoS protection solutions
to close out Q2 2024, continuing Corero's robust 2024 customer
acquisition momentum (the "Orders").
The following Orders, which have a
total contract value of $2.2 million, are summarised
below:
·
New customer: 3-year, $1 million plus contract
with a top-10 US fiber provider, with Corero replacing the
incumbent solutions provider in a number of the provider's US data
centres. Corero is deploying its suite of sophisticated DDoS
mitigation solutions, including the Company's market-leading
application SmartWall ONETM.
·
New customer: a North American network neutral
interconnection, co-location and data centre specialist, with
Corero replacing the existing DDoS protection provider. Corero is
deploying a solution comprising of SmartWall ONETM as well
as SecureWatch® Managed Services and Cloud
Mitigation functionality.
·
New customer: a Canadian major utility owned
regional communications and internet service provider. Corero is
implementing the Company's SmartWall
ONETM solution, augmented by the
Service Portal and the recently launched IP Intelligence service,
to provide world-class service availability for the
client.
·
New customer: a leading UK provider of
business-to-business connectivity solutions and services. This new
customer chose SmartWall ONETM as the solution allows
for scale and flexibility to facilitate the provider's rapid growth
trajectory.
Carl Herberger, Chief Executive
Officer at Corero, commented:
"These key customer wins build on our continued new business
momentum generated throughout Q2 2024, with all four choosing to
replace their existing solutions with Corero's
market-leading SmartWall ONETM
technology.
Securing these significant new mandates completes a successful
half-year period for the Company and provides a strong base from
which we can further grow our global market presence and enhance
our service offering in the remainder of the year and
beyond."
Enquiries:
|
Corero Network Security plc
|
Tel: +44(0)20 7390 0230
|
|
Carl Herberger, Chief Executive
Officer
|
|
|
Chris Goulden, Chief Financial Officer
|
|
|
|
|
|
Canaccord Genuity Limited (Nominated Adviser and Joint
Broker)
|
Tel: +44(0)20 7523 8000
|
|
Simon Bridges
/ Andrew Potts / Harry Rees
Zeus
Capital (Joint Broker)
Stuart Andrews / Alice
Lane
|
Tel: +44(0)20 3829 5000
|
|
|
|
|
Vigo
Consulting
|
Tel: +44(0)20 7390 0230
|
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Jeremy Garcia / Kendall
Hill
|
|
|
corero@vigoconsulting.com
|
|
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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