Significant June 2024 New Customer Wins
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Corero (AIM: CNS) (OTCQB: DDOSF), the distributed denial of service ("DDoS") protection specialists, is pleased to announce that the Company has received significant new orders for its market-leading SmartWall ONETM DDoS protection solutions to close out Q2 2024, continuing Corero's robust 2024 customer acquisition momentum (the "Orders").
The following Orders, which have a total contract value of $2.2 million, are summarised below:
- New customer: 3-year, $1 million plus contract with a top-10 US fiber provider, with Corero replacing the incumbent solutions provider in a number of the provider's US data centres. Corero is deploying its suite of sophisticated DDoS mitigation solutions, including the Company's market-leading application SmartWall ONETM.
- New customer: a North American network neutral interconnection, co-location and data centre specialist, with Corero replacing the existing DDoS protection provider. Corero is deploying a solution comprising of SmartWall ONETM as well as SecureWatch® Managed Services and Cloud Mitigation functionality.
- New customer: a Canadian major utility owned regional communications and internet service provider. Corero is implementing the Company's SmartWall ONETM solution, augmented by the Service Portal and the recently launched IP Intelligence service, to provide world-class service availability for the client.
- New customer: a leading UK provider of business-to-business connectivity solutions and services. This new customer chose SmartWall ONETM as the solution allows for scale and flexibility to facilitate the provider's rapid growth trajectory.
Carl Herberger, Chief Executive Officer at Corero, commented:
"These key customer wins build on our continued new business momentum generated throughout Q2 2024, with all four choosing to replace their existing solutions with Corero's market-leading SmartWall ONETM technology.
Securing these significant new mandates completes a successful half-year period for the Company and provides a strong base from which we can further grow our global market presence and enhance our service offering in the remainder of the year and beyond."
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