21 February 2024
Corero Network Security
plc
("Corero"
or the "Company")
Creation of Strategic Latin
American Partnership with TechEnabler
- Accelerates Corero's International Expansion
Strategy
- Partnership Already Delivered $1 Million
Deal
Corero Network Security plc (AIM:
CNS), a leading provider of distributed denial of service ("DDoS")
protection solutions, announces an important strategic partnership
with TechEnabler, an established Brazilian network solutions
distributor (the "Partnership"). The Partnership will enable Corero
to expand its Latin American ("LATAM") footprint, which is a key
focus of the Company's overarching growth strategy, as it aims to
provide unparalleled DDoS protection across corporate and
communications provider networks in Brazil and the broader LATAM
region.
Leveraging TechEnabler's extensive
network and technical expertise, the Partnership will enable Corero
to deploy its flagship SmartWall® ONE
platform to new customers, offering robust defence mechanisms
against the evolving landscape of DDoS attacks and ransom threats.
This Partnership is underpinned by a revenue-sharing model,
ensuring mutual benefits and success from both organisations'
combined efforts.
The Partnership has already secured
Corero a product and services deal in excess of $1 million, the
Company's largest ever contract in the LATAM region, showcasing the
unique capabilities of TechEnabler's Local Scrubbing-as-a-Service
("LSaaS") offering, using Corero's technology. The service is
designed to deliver zero latency and precise traffic management,
setting new standards in DDoS mitigation.
Carl
Herberger, Chief Executive Officer at Corero,
commented:
"Creating this strategic partnership with TechEnabler provides
an ideal platform to expand our product reach in a key growth
market for Corero, alongside aligning our business with a partner
who shares our commitment to cybersecurity
excellence.
This agreement reinforces our focus on security innovation,
which in turn will allow a new crop of businesses to fortify their
networks against DDoS attacks whilst exploring further
opportunities to leverage our cutting-edge
solutions."
Alvaro Aquino, General Manager of
TechEnabler, said:
"The Corero SmartWall®
ONE platform
effectively protects companies and carriers against DDoS attacks
and ransom threats. Our business success with Corero's technology
since we partnered a little more than a year ago prompted the new
revenue-sharing agreement that will bring our companies closer,
certainly with even better outcomes for both."
Corero and TechEnabler's combined
offerings will be showcased at the 14th Brazilian Association of
Internet and Telecommunications Service Providers ("ABRINT")
National Meeting in São Paulo, Brazil, from 12-14 June 2024,
marking a significant milestone in our commitment to securing the
digital landscape in Brazil and LATAM.
About Corero Network Security
Corero Network Security is a leading
provider of distributed denial of
service (DDoS) protection solutions. We are
specialists in automatic detection and protection solutions, that
include network visibility, analytics, and reporting tools.
Corero's technology provides scalable protection capabilities
against both external DDoS attackers and
internal DDoS threats, in even the most complex edge and
subscriber environments, ensuring internet service availability and
uptime. Corero's key operational centres are in Marlborough,
Massachusetts, USA, and Edinburgh, UK, with the Company's
headquarters in London, UK. The Company is listed on the London
Stock Exchange's AIM market under the ticker CNS.
For more information,
visit www.corero.com,
and follow us on LinkedIn and Twitter.
Enquiries:
Corero Network Security plc
|
Tel: +44(0)20 7390
0230
|
Carl Herberger, Chief Executive
Officer
|
|
Phil Richards, Chief Financial Officer
|
|
|
|
Canaccord Genuity Limited (Nominated Adviser and
Broker)
|
Tel: +44(0)20 7523 8000
|
Simon
Bridges / Andrew Potts / Harry Rees
|
|
|
|
Vigo Consulting
|
Tel: +44(0)20 7390 0230
|
Jeremy Garcia / Kendall
Hill
|
|
corero@vigoconsulting.com
|
|
For more information,
visit www.corero.com,
and follow us on LinkedIn and Twitter.
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