Corero Network Security PLC (LON:CNS)

Corero Network Security PLC (LON:CNS)

Share Price
7.50 p
0 (0.00 %)
Market Cap
£30.15 m
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Corero Network Security PLC

Corero Network Security is a leader in real-time, high-performance Distributed Denial of Service (“DDoS”) defence solutions. Service providers, cloud providers and digital enterprises rely on Corero’s award winning SmartWall® Network Threat Defense System (“SmartWall)” technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled...

Market: AIM:CNS
52-week High/Low: 13.600p / 7.000p
Sector: Software & Computer Services
Market Cap: £30.15 m
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Big Picture – A Deep Dive Examination of Corero Network Security PLC

Corero Network Security PLC Snapshot

Jens Montanana, Chairman (appointed 9 August 2010)

Jens Peter Montanana (non-executive Chairman) is the founder and CEO of Datatec Limited, established in 1986. Between 1989 and 1993 Jens served as managing director and vice-president of US Robotics (UK) Limited, a wholly owned subsidiary of US Robotics Inc., which was acquired by 3Com. In 1993, he co-founded US start up Xedia Corporation in Boston, an early pioneer of network switching and one of the market leaders in IP bandwidth management, which was subsequently sold to Lucent Corporation in 1999 for $246 million. In 1994, Jens became CEO of Datatec Limited. Datatec Limited listed on the Johannesburg Stock Exchange in 1994 and on AIM in 2006. Jens has previously served on the boards and sub-committees of various public companies. 

Richard Last, Non-executive Director (appointed 22 May 2008)

Richard Last (non-executive director) is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA). Richard is Chairman of companies including ITE Group plc, an international trade exhibitions and conferences company quoted on the London stock exchange. Richard is Chairman of the following AIM listed companies Arcontech Group, a provider of IT solutions for the financial services sector; Gamma Communications plc, a provider of voice, data and mobile services for the business market; Tribal Group plc, a provider of software and services to the education management market. In addition, Richard is Chairman of BSC VCT2 plc and Lighthouse Group plc (Richard will be stepping down from both these boards in the near future). He is also a director of a number of private companies.

Peter George, Non-executive Director (appointed 3 January 2019)

Peter George (non-executive director), has over 30 years’ experience in the IT networking and cybersecurity industry, most recently as President and CEO of empow cybersecurity, a market innovator in AI, machine learning and advanced security analytics. Prior to empow, between 2008 to 2017, he was President and CEO of Fidelis Cybersecurity a leading US-based Advanced Threat Defense business. Before joining Fidelis, Peter was President and CEO of Crossbeam Systems, a market leader in Unified Threat Management. Prior to that he was the President of Nortel Networks’ enterprise business where he was responsible for growing a $2 billion and 5,000 employee voice and data business in EMEA.


Ashley Stephenson, CEO (appointed 6 September 2013)

Ashley Stephenson (CEO) first joined Corero Network Security as Executive Vice President of the Network Security division, with responsibility for product and solution strategy in March 2012, and was appointed chief executive officer of the division in January 2013. An IT industry executive and Internet technology entrepreneur, Ashley has operating experience in the United States, Europe and Asia. Previously, he was CEO of Reva Systems, acquired by ODIN, and Xedia Corporation, acquired by Lucent. He has provided strategic advisory services to a number of leading multi-national IT companies including technology vendors, distributors and services companies. Ashley began his career at IBM Research & Development in the UK. He is a graduate of Imperial College, London with a degree in Physics and an Associate of the Royal College of Science.

Andrew Douglas Miller, Chief Financial Officer (appointed 9 August 2010)

Andrew Douglas Miller (CFO and Executive Director responsible for finance) was with the Datatec Limited group in a number of roles between 2000 and 2009 including the Logicalis Group Limited (“Logicalis”) Operations Director and Corporate Finance and Strategy Director. Andrew led the Logicalis acquisition strategy, acquiring and integrating 12 companies in the US, UK, Europe and South America. Prior to this, Andrew gained considerable corporate finance experience in London with Standard Bank, West Deutsche Landesbank and Coopers & Lybrand. Andrew trained and qualified as a chartered accountant and has a bachelor’s degree in commerce from the University of Natal, South Africa.

Major shareholders

As of 31st March 2019 the following shareholders held more than 3% of the issued share capital:

Significant Shareholders

Jens Montanana * 154,382,609 38.4%
Miton UK Microcap Trust PLC
Richard Koch
Herald Investment Management 30,306,406 7.5%
Sabvest Capital Holdings Limited 
Peter Gain ** 21,278,246 5.3%
Juniper Networks, Inc 17,008,969 4.2%

* of which 33,674,846 are held in the name of JPM International Limited, which is wholly owned by Jens Montanana and 102,953,954 are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary.

** of which 4,900,000 shares are held in the name of Draper Gain Investments Ltd


Corero Network Security Inc.
225 Cedar Hill Street
Suite 337
Marlborough, MA 01752
Tel: +1 978 212 1500
Email: [email protected]


United Kingdom
Corero Network Security plc
Regus House, Highbridge, Oxford Road
Uxbridge UB8 1HR, UK
Tel: +44 (0) 1895 876579
Email: [email protected]

53 Hanover Street, 3rd Floor
Edinburgh, EH2 2PJ, UK
Email: [email protected]

C/Ribera del Loira, 46
28042 Madrid, España
Email: [email protected]

Nominated Advisor and Broker
Cenkos Securities Plc
6.7.8 Tokenhouse Yard, London, EC2R 7AS

55 Baker Street, London, W1U 7EU

Solicitors to the Company
Dorsey and Whitney (Europe) LLP
199 Bishopsgate, London, EC2M 3U

Registrars and Transfer Office
Link Asset Services
6th Floor, 65 Gresham Street, London, EC2V 7NQ

Shareholder contact: [email protected]

Investor contacts
Secretary and Registered Office
Duncan Swallow
Regus House, Highbridge, Oxford Road, Uxbridge, Middlesex, UB8 1HR

Public Relations Advisers
Vigo Communications
Sackville House, 40 Piccadilly, London W1J 0DR
Tel: +44 (0) 207 7390 0230

Contact: [email protected]

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