viewCorero Network Security PLC

Corero bags order from North American service provider

The contract win follows a successful proof-of-concept trial, which included the evaluation of competitors, with SmartWall recognised as the technology best-placed to meet the customer's requirements

Hacking attack
Service providers, hosting providers and digital enterprises rely on Corero's technology to eliminate the DDoS threat

Corero Network Security PLC (LON:CNS), the global network security company, has won a U$500,000 order from a North American service provider.

The order consists of multiple SmartWall 100 gigabytes per second products with supporting SecureWatch services for one year. SmartWall is Corero’s flagship platform that heads off distributed denial of service (DDoS) attacks in real-time.

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

The deployment of SmartWall will enable the customer to protect its customers from malicious DDoS traffic launched from across the internet globally, Corero said. This will provide the customer with further competitive differentiation from its peers.

A DDoS attack is when external agents swamp a network with more input-output requests than it can cope with, thus bringing response time to a crawl. Corero observed that while its SmartWall deals with such threats in real-time, many of its competitors’ products can take up to 20 minutes or even more to detect and successfully defeat an attack.

"We are delighted to have secured another customer for our new 100Gbps SmartWall DDoS mitigation technology, having only introduced it in late 2017, following a multi-year development programme. To secure this order after a rigorous selection process is also highly gratifying and highlights the key competitive advantage of our solution,” said Andrew Lloyd, the president and executive vice president of sales and marketing at Corero.

"We anticipate demand for our technology to accelerate during 2018 as we benefit from the combination of growth in adoption of faster 100Gbps links and increasing end-user service-level expectations resulting in the requirement for Service Providers, Cloud Providers and Enterprises to instigate a DDoS mitigation technology upgrade," he added.

Shares in Corero were up 1.7% at 8.75p in early deals.

Quick facts: Corero Network Security PLC

Price: 4.7 GBX

Market: AIM
Market Cap: £23.26 m

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on 3/4/18

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