Source - LSE Non-Regulatory
RNS Number : 9496J
Corero Network Security PLC
29 October 2024
 

29 October 2024

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Corero Network Security plc

("Corero" or the "Company")

 

Introducing the Corero Observability & Resiliency Ecosystem ("CORE")

 

The new platform provides real-time traffic analytics, threat intelligence, application layer protection, and anti-bot DDoS defence to enhance service availability and security.

 

Corero (AIM: CNS) (OTCQB: DDOSF), the distributed denial of service ("DDoS") protection specialists, is bringing to market a new SaaS cloud-based availability protection platform, Corero CORE.

 

Designed to seamlessly enhance customers' existing security infrastructure, the Corero CORE platform will deliver advanced defence capabilities, providing greater flexibility and cost-efficiency to keep organisations secure. Corero CORE will be both vendor-agnostic and highly adaptive, enabling it to integrate effortlessly with third-party tools and existing infrastructure.

 

Corero CORE will use comprehensive data lake(s) by gathering feeds from multiple sources across the network and generating AI/ML-assisted insights turning isolated security events into actionable intelligence. This will enable smarter coordination across customer networks, making ecosystems more resilient against threats to service availability.

 

Corero CORE will initially include real-time rich traffic analytics, application layer, and anti-bot DDoS protection, ensuring comprehensive defence against evolving cyberthreats.

 

Corero CORE marks the Company's first expansion beyond DDoS, demonstrating its commitment to meeting the evolving needs of current and new customers and strengthens Corero's position as a true innovator in service availability protection.

 

Carl Herberger, Chief Executive Officer at Corero, commented:

 

"We are incredibly excited to develop this cutting-edge platform which has been built to help customers optimise their security investments and network capabilities through our comprehensive protection - without the need for additional hardware. By developing this highly adaptive and advanced solution, Corero CORE has the potential to generate new commercial opportunities for Corero across our target addressable market.

 

Corero CORE is another example of our ongoing commitment to developing premium products and services for deployment across our global customer footprint, with the platform helping ensure that Corero remains firmly at the forefront of innovation across the cybersecurity market."

 

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


corero@vigoconsulting.com


 


Harbor Access

Tel: +1 475 477 9401

Jonathan Paterson


 

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.

 

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