Corero Network secures £0.7m order for security tech
Network security firm Corero Network said on Monday it has received a $0.7m order for its SmartWall Threat Defense System technology from an unnamed existing customer.
AIM-listed Corero said the order is part of the customer's ongoing deployment and includes multiple SmartWall products with supporting SecureWatch services for three years. Further orders are expected in the second half of the year.
Corero has so far generated $1m of revenue from the customer this year.
Company president Andrew Lloyd said: "The delivery of real-time DDoS protection is fast becoming the critical component in the defence against large scale cyber breaches and this expansion order provides further confirmation that SmartWall and our SecureWatch service combine to deliver on our protection promise."
"With many digital enterprise organisations now adopting a zero tolerance approach for any degraded performance or service downtime from a DDoS attack, the resulting potential loss of revenue, reputation or regulatory breach continues to fuel our new business momentum," said Lloyd.
As of 1042 BST, Corero Network’s shares were up 2.56% at 10.00p.