11 April 2024
Corero Network Security plc
("Corero" or the "Company")
Significant $1.8m Contract Win and Incumbent Replacement
Corero to supply DDoS protection to TierPoint, a leading IT platform solutions provider
Corero Network Security (AIM: CNS) (OTCQB: DDOSF), the distributed denial of service ("DDoS") protection specialists, is delighted to announce a new partnership with TierPoint, a leading provider of secure, connected IT platform solutions, to provide the backbone for its next-generation DDoS defence infrastructure.
Corero replaces the incumbent solutions provider and will deploy its suite of sophisticated DDoS mitigation solutions, including the Company's market-leading application SmartWall ONETM, further reinforcing the superior capabilities and value of Corero's DDoS protection offering.
TierPoint, with more than 800 employees and 40 data centres across 20 US markets, serves thousands of customers domestically. This extensive scale underscores the importance of advanced DDoS protection in safeguarding the vast array of critical services and infrastructure TierPoint manages.
The $1.8m contract with TierPoint over a three-year period continues Corero's significant new contract momentum in the cybersecurity space, further cementing the Company's position as a preferred provider of innovative DDoS protection solutions for enterprises worldwide.
Carl Herberger, Chief Executive Officer of Corero, commented:
"We are thrilled to welcome TierPoint into the Corero family. The partnership is testament to the hard work and tenacity of our entire team and underscores the trust and confidence businesses place in our premium DDoS solutions.
This sizeable contract win not only highlights our market-leading product offering but further reinforces our ongoing commitment to providing unparalleled service and support across our global customer footprint."
Paul Mazzucco, Chief Security Officer at TierPoint, commented:
"Corero's innovative approach and proven track record in DDoS protection were key factors in our decision, highlighting their leadership and expertise in the cybersecurity domain."
Enquiries:
| Corero Network Security plc | Tel: +44(0)20 7390 0230 |
| Carl Herberger, Chief Executive Officer | |
| Phil Richards, Chief Financial Officer | |
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| Canaccord Genuity Limited (Nominated Adviser and Broker) | Tel: +44(0)20 7523 8000 |
| Simon Bridges / Andrew Potts / Harry Rees | |
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| Vigo Consulting | Tel: +44(0)20 7390 0230 |
| Jeremy Garcia / Kendall Hill | |
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About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing 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 OTCQB market (OTCQB: DDOSF).
For more information, visit www.corero.com, and follow us on LinkedIn and Twitter.
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