Corero Network Security (LSE:CNS) has secured a five-year managed services contract worth $3.4 million with a UK Tier-1 fixed and mobile telecommunications provider.
Under the agreement, Corero will deploy its SmartWall ONE distributed denial of service protection technology and CORE platform, including Layer 7 TLS capabilities.
The deployment will use an on-premises solution supported by Corero’s UK security operations centre. The company said the arrangement will assist the customer in meeting requirements under the UK Cyber Security and Resilience Bill and the Telecommunications Security Act.
Separately, Corero has secured a three-year contract worth $0.5 million with a NeoCloud company.
The initial deployment will cover two data centres, with the potential for the technology to be extended across additional facilities in the customer’s portfolio.
Corero said it now provides protection to three of the largest NeoCloud providers as it develops its presence in cloud and artificial intelligence data centre markets.
The two agreements add multi-year contracts across Corero’s telecommunications and NeoCloud customer segments.
The UK telecom contract covers managed services over five years, while the NeoCloud agreement has an initial three-year term and provides scope for deployment beyond the first two data centres.
Corero Network Security plc is a London-headquartered provider of distributed denial of service protection technology. Its products provide automated threat detection, mitigation and network visibility for internet-connected infrastructure.
The company’s SmartWall ONE platform is designed to protect networks against external and internal DDoS threats. Corero operates centres in Marlborough, Massachusetts, and Edinburgh, UK, and its shares are traded on AIM and the U.S. OTCQX Market.
Leave a comment