Corero Network Security plc (LON:CNS), the AIM listed network security company, announced today that it has secured its first SmartWall Threat Defense (“SmartWall”) contract win in the Australian market.
The contract, worth more than US$200,000, is an expansion of an existing Digital Enterprise customer’s SmartWall deployment as this customer rolls out real-time DDoS mitigation to its global locations.
This additional contract win brings the total value of SmartWall wins with this customer in 2017 to US$1.3 million.
The demand for Corero’s SmartWall solution comes amid high-profile commercial and industrial cyberattacks.
DDoS attacks are increasingly being used as a smokescreen for breach and malware attacks, with Corero’s target market for its scalable SmartWall solution expanding beyond service providers and hosting providers to include increasing numbers of digital enterprises seeking always-on DDoS mitigation technologies.
Andrew Lloyd, Corero Network Security plc President and EVP Sales and Marketing, said: “Our unique technology addresses the increasing number of digital enterprises seeking always-on real-time DDoS mitigation solutions in response to the rampant growth of commercial and industrial cybercrime.
“We are delighted to see SmartWall deployed in a new geography and with an additional new Australian customer win anticipated before the end of the financial year, we look forward to expanding our presence in this market. We expect additional business from this customer in the coming months as it further deploys Corero’s SmartWall technology across its global operations.”
