9 January 2025
Corero Network Security plc
("Corero" or the "Company")
Customer Win - Forte Telecom
Strategic regional partnership further expands Latin America footprint
Corero (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service ("DDoS") protection specialists, is pleased to announce a major new customer and strategic regional partner Forte Telecom, one of the largest telecommunications providers in the state of Rio de Janeiro, Brazil (the "Contract").
This DDoS protection as-a-service Contract, worth $1.2 million across three years, marks a significant win for Corero and reinforces the Company's position as a trusted provider of DDoS protection solutions in the region.
At the core of this deployment is Corero's newly released 400G appliance, which will deliver industry-leading DDoS protection while streamlining operations to meet Forte's evolving needs. By reducing hardware and operational complexity, Corero's solution offers significant cost savings and future-proof scalability, enabling Forte to handle growing bandwidth demands and defend against increasingly sophisticated threats.
The Contract was signed in December 2024, with revenues falling into the Company's next three financial years.
Carl Herberger, Chief Executive Officer at Corero, commented:
"I am pleased to announce this new deal with Forte, a strategically important customer acquisition for Corero as we aim to further consolidate our reputation as a leading provider of DDoS protection and mitigation services in Latin America.
We are excited to provide Forte with a cutting-edge solution that not only delivers proven, reliable DDoS protection but also adapts and scales to support the business as it continues to grow across Brazil."
Enquiries:
Corero Network Security plc | Tel: +44(0)20 7390 0230 |
Carl Herberger, Chief Executive Officer | |
Chris Goulden, Chief Financial Officer | |
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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 |
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Vigo Consulting | Tel: +44(0)20 7390 0230 |
Jeremy Garcia / Kendall Hill | |
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Harbor Access (Investor Relations) Jonathan Paterson | Tel: +1 475 477 9401 |
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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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