RCS - Corero Network Sec. - $1m Contract Renewal & Expansion with DigitalOcean

Corero Network SecurityAnnouncement

05/06/2024 07:00

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RNS Number : 1251R  Corero Network Security PLC  05 June 2024

5 June 2024

Corero Network Security plc

("Corero" or the "Company")

 

$1 Million Contract Renewal and Expansion with DigitalOcean

 

Corero Network Security plc (AIM: CNS) (OTCQB: DDOSF), the distributed denial
of service ("DDoS") protection specialists, is pleased to announce it has
secured a $1 million plus, three-year contract extension, expanding the
current services provided to DigitalOcean Holdings, Inc. ("DigitalOcean")
(NYSE: DOCN), a leading US cloud computing provider.

 

Corero will continue to provide DigitalOcean with its comprehensive
SecureWatch Managed Services, reinforcing its trusted position in safeguarding
DigitalOcean's extensive network infrastructure. Corero's fully managed
solution encompasses configuration optimisation, proactive monitoring, and
swift mitigation response to any DDoS incidents and has been tailored to meet
DigitalOcean's specific security policies.

 

During a competitive trial and testing period, Corero demonstrated seamless
and continuous optimisation, ultimately leading to an extended commitment from
DigitalOcean.

 

Corero's SmartWall ONE solution, which delivers rapid and accurate DDoS attack
detection at the network edge will be now fully deployed across DigitalOcean's
IT real estate.

 

With a global network spanning over 17 datacentres, DigitalOcean will continue
to utilise Corero's advanced DDoS protection solutions to ensure seamless
operations and robust defence against cyberthreats.

 

Carl Herberger, CEO of Corero, commented:

 

"We are thrilled to both continue and extend our partnership with
DigitalOcean. This renewal underscores the confidence they have in our ability
to protect their critical infrastructure, and our SecureWatch Managed Services
will allow DigitalOcean to focus on their core business activities, knowing
that their network is in safe hands."

 

Enquiries:

                                                                  Tel: +44(0)20 7390 0230

 Corero Network Security plc
 Carl Herberger, Chief Executive Officer
 Phil Richards, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)   Tel: +44(0)20 7523 8000
 Simon Bridges / Andrew Potts / Harry Rees

 Zeus Capital (Joint Broker)
 Stuart Andrews / Alice Lane                                      Tel: +44(0)20 3829 5000

 

 Vigo Consulting                                               Tel: +44(0)20 7390 0230
 Jeremy Garcia / Kendall Hill
 corero@vigoconsulting.com (mailto:corero@vigoconsulting.com)

 

About Corero Network Security

 

Corero Network Security is a leading provider of DDoS protection solutions,
specializing in automatic detection and protection solutions with network
visibility, analytics, and reporting tools. Corero's technology protects
against external and internal DDoS threats in complex edge and subscriber
environments, ensuring internet service availability. With operational centres
in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered
in London and listed on the London Stock Exchange's AIM market (ticker: CNS)
and the US OTCQB market (OTCQB: DDOSF).

 

For more information, visit www.corero.com (http://www.corero.com/) , and
follow us on LinkedIn (https://www.linkedin.com/company/corero/)  and X
(Twitter (https://twitter.com/Corero) ).

 

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