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Corero signs US$0.7mln order for its SmartWall Threat Defence System technology

The AIM-listed global network security company said the order is part of the undisclosed customer’s ongoing deployment and includes multiple SmartWall products with supporting SecureWatch services for three years

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The company said it has generated orders of US$1mln from this customer in 2018

Corero Network Security PLC (LON:CNS) has announced a US$0.7mln order for its SmartWall Threat Defence System technology from an existing digital enterprise customer.

The AIM-listed global network security company said the order is part of the undisclosed customer’s ongoing deployment and includes multiple SmartWall products with supporting SecureWatch services for three years.

READ: Corero raises fresh capital to support SmartWall sales push

The company said it has generated orders of US$1mln from this customer in 2018, and further additional orders are expected in the second half of 2018 as part of the customer’s ongoing global expansion and SmartWatch deployment plan.

Andrew Lloyd, Corero president and EVP sales and marketing, said: “The delivery of real-time DDoS protection is fast becoming the critical component in the defence against large-scale cyber breaches and this expansion order provides further confirmation that SmartWall and our SecureWatch service combine to deliver on our protection promise.”

He added: “With many digital enterprise organisations now adopting a zero-tolerance approach for any degraded performance or service downtime from a DDoS attack, the resulting potential loss of revenue, reputation or regulatory breach continues to fuel our new business momentum.”

Quick facts: Corero Network Security PLC

Price: 2.75 GBX

AIM:CNS
Market: AIM
Market Cap: £11.05 m
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