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Corero secures second $1m+ SmartWall customer
Corero secures second $1m+ SmartWall customer.
About this update from Corero Network Security Plc
[{"type":"text","content":"\n \nRNS Number : 3371F Corero Network Security PLC 17 May 2017 \n\n17 May 2017\nCorero Network Security plc\n(\"Corero\" or the \"Company\")\n \nCorero secures second $1m+ SmartWall customer\n \nCorero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce an additional order of $0.5m for its SmartWall® Threat Defense System (\"SmartWall\") from the US-based international hosting provider that initially placed an order of $0.7m in March 2016. With this latest order, the top 10-ranked provider becomes Corero's second $1m+ SmartWall customer.\n \nThe order provides additional DDoS mitigation capacity for this growing customer with over one Terabit of SmartWall DDoS mitigation capacity. \n \nIn addition to the one time purchase amount of $0.5 million, the recurring revenue from this contract now exceeds $0.5 million per annum. \n \nCorero's target market for its scalable SmartWall solution includes service providers and hosting providers, whose businesses are seeing strong growth from increased Internet connectivity and Cloud infrastructure demands from their customers. This in turn drives demand for incremental DDoS protection. \n \nAshley Stephenson, CEO of Corero, said:\n \n\"We are delighted to see strong demand from existing hosting and service provider customers for additional DDoS mitigation capacity, a trend we expect to see continue in our service provider and hosting provider target markets. These purchases validate both the efficacy of our SmartWall product and the DDoS protection revenue boost enjoyed by many of these customers.\"\n \nEnquiries:\n \n\n\n\n\nCorero Network Security plc\n\n\n \n\n\n\n\nAndrew Miller, CFO\n\n\nTel: 01895 876 382\n\n\n\n\n \n\n\n \n\n\n\n\nCenkos Securities plc\n\n\nTel: 020 7397 8900\n\n\n\n\nBobbie Hilliam - NOMAD\nAlex Aylen - Corporate Broking\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nRedleaf Communications\n\n\n Tel: 020 7382 4747\n\n\n\n\nRebecca Sanders-Hewett/David Ison/Elise Palmer\n\n\n [email protected] \n\n\n\n\n \n \n\n\n \n\n\n\n \n \n \n\n\n\nAbout Corero Network Security\n \nCorero Network Security is the leader in real-time, high-perform...