11 September 2024
Corero Network Security plc
("Corero" or the "Company")
New Customer Announcement Everstream
&
Key Contract Renewal Secured
Corero (AIM: CNS) (OTCQB: DDOSF), the distributed denial of service ("DDoS") protection specialists, is pleased to announce it has secured a new contract win with Everstream, the leading provider of fibre connectivity services for businesses across Ohio and the Midwest USA.
Corero was successful in securing the new contract win through a competitive tender process by demonstrating a strong understanding of the Everstream model, and offering a SmartWall ONE™ solution that not only enhances Everstream's DDoS protection but enables the business to generate its own revenue stream by providing Corero's SmartWall ONE solution to its own customers.
In addition, Corero has secured the three-year renewal of a key customer, a top-tier DDoS cloud scrubbing provider, which uses the Company's technology to support its DDoS protection services worldwide. The combined total contract value across both contract wins is $0.8 million.
Carl Herberger, CEO of Corero, commented:
"We are delighted to partner with Everstream at an exciting time for both companies. We have worked closely with the Everstream team to understand their requirements and build a curated solution that elevated us above our competition and will deliver significant value for the customer.
Securing another key customer renewal for an additional three years is further evidence of our robust customer retention capabilities and reaffirms the market-leading position of our SmartWall ONE technology."
Enquiries:
|
Corero Network Security plc | Tel: +44(0)20 7390 0230 |
| Carl Herberger, Chief Executive Officer | |
| Chris Goulden, Chief Financial Officer | |
| | |
| Canaccord Genuity Limited (Nominated Adviser and Joint Broker) | Tel: +44(0)20 7523 8000 |
| Simon Bridges / Andrew Potts / Harry Rees | |
|
Zeus Capital (Joint Broker) | |
| Ben Robertson / Alexandra Campbell-Harris | Tel: +44(0)20 3829 5000
|
| Vigo Consulting | Tel: +44(0)20 7390 0230 |
| Jeremy Garcia / Kendall Hill | |
| |
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 OTCQB market (OTCQB: DDOSF).
For more information, visit www.corero.com, and follow us on LinkedIn and X (Twitter).
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