Over $1.5 million of new customer wins

18 June 2020

Corero Network Security plc

("Corero" or the "Company")

Over $1.5 million of new customer wins

Corero Network Security plc (AIM: CNS), the network security company, is pleased to announce five new headline customer wins for its SmartWall® DDoS protection products over the last two months, -including two new contract wins through our partner Juniper, totaling over $1.5 million over the course of the contracts.

The new customers are as follows:

·    a major US telecoms and internet service provider. The order is for multiple SmartWall TDS 100Gbps solutions with supporting SecureWatch® services for 3 years sold by Corero, through a US partner. 

·    a European based communication and Cloud solutions provider.  The 3 year DDoS Protection as-a-service ("DDPaaS") order is for multiple SmartWall TDS 10Gbps solutions with supporting SecureWatch® services. 

·    a major provider of hosting services across Canada.  The order is for multiple SmartWall®  TDS 100Gbps solutions with supporting SecureWatch®  services for 3 years sold by Corero through a partner.  

·    a wholesale telecoms operator operating across Latin America. The order is for for a 3 year SmartWall TDD solution, sold through our partnership with Juniper. 

·    a UK-based provider of internet, mobile and telephony services to many UK island and overseas territory jurisdictions. The order is for multiple SmartWall® TDS 10Gbps solutions with supporting SecureWatch® services for 5 years sold by a Corero channel partner and a 5 year SmartWall TDD solution sold through our partner Juniper.   

The deployment of these Corero solutions will enable these customers to provide DDoS protected services to their end-user customers.

Ashley Stephenson, Corero's CEO, said:

"These customer wins demonstrate continued market demand for our SmartWall TDS and TDD solutions to protect against the growing frequency of DDoS attacks. We are encouraged by an increasing level of partner success that is reflected in strong pipeline growth for the remainder of 2020."

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About Corero Network Security

Corero Network Security is a leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This industry-leading technology provides cost effective, scalable protection capabilities against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

The information contained within this announcement was deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 prior to release of this announcement. Upon the publication of this announcement, this inside information is now considered to be in the public domain.