18 February 2025
Corero Network Security plc
("Corero" or the "Company")
New Agreements Further Expand Corero's Latin America Presence
Corero wins new contract in Brazil and enters Peru through a regional partnership
Corero (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service ("DDoS") protection specialists, is pleased to announce a customer and a partnership deal in Latin America to further expand the Company's footprint in the region.
New Contract Win - via TechEnabler
The Company's existing channel partner TechEnabler has recently secured a new contract to implement Corero's SmartWall ONE solution for a leading telecommunications provider in Brazil. This agreement marks a key win in the regional DDoS protection landscape, as the customer transitioned from an incumbent solution to Corero's technology.
Based in São Paulo, TechEnabler has over 25 years of expertise in telecommunications and IT, specialising in technology integration and digital transformation.
New Regional Partnership - A51 Technology
Corero is also expanding into Peru through a new partnership with A51 Technology, a firm with over 20 years of experience in cybersecurity solutions. A51 specialises in protecting the integrity, confidentiality, and availability of information, helping businesses navigate an increasingly connected world.
Continued investment in regional alliances is a key pillar of the Company's reinvigorated go-to-market strategy, and this partnership will enable Corero to target new mandate opportunities across Peru to help businesses fortify their networks against evolving DDoS threats.
Carl Herberger, Chief Executive Officer at Corero, commented:
"Latin America is a key growth market for Corero as we remain fully focused on investing in long-term profitable expansion. TechEnabler has already proven to be a valued partner in Latin America, and this new contract win speaks volumes of the strategic importance of these regional partnerships which continue to drive new business.
We are also delighted to sign our first Peruvian partnership and look forward to welcoming A51 Technology into our growing regional network as we focus on capitalising on new customer opportunities in the Latin American region."
Enquiries:
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Corero Network Security plc |
Tel: +44(0)20 7390 0230 |
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Carl Herberger, Chief Executive Officer |
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Chris Goulden, Chief Financial Officer |
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Canaccord Genuity Limited (Nominated Adviser and Joint Broker) |
Tel: +44(0)20 7523 8000 |
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Simon Bridges / Andrew Potts / Harry Rees Zeus Capital (Joint Broker) Ben Robertson / Alexandra Campbell-Harris |
Tel: +44(0)20 3829 5000 |
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Vigo Consulting (Financial PR and Investor Relations) |
Tel: +44(0)20 7390 0230 |
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Jeremy Garcia / Kendall Hill |
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Harbor Access (Investor Relations) Jonathan Paterson |
Tel: +1 475 477 9401 |
About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specialising 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 OTCQX market (OTCQX: DDOSF).
For more information, visit www.corero.com, and follow us on LinkedIn and X.
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