Corero Network makes more inroads into Tier 1 market

Corero Network Security PLC (LON:CNS) said it took more than US$3mln in orders in October and November.

Revenues associated with these orders will be recognised over the course of the lifetime of each of the contracts.

The provider of real-time, high-performance, automatic distributed denial of service (DDoS) defence solutions said it continues to make further progress towards its strategic goals of international expansion, development of its strategic and business partnerships and further penetration of Tier 1 and major accounts.

“Recent order intake not only reflects the significance of DDoS mitigation but also underlines the importance of broadening our global sales footprint alongside further penetration into Tier 1 and major corporate customers. “It is also pleasing to see our SmartWall and SecureWatch platform solutions being deployed in new geographies through our relationships with our strategic and business partners,” said Lionel Chmilewsky, Corero’s chief executive officer.

Shares in the company rose 21% to 10p.