Corero signs Tier 1 provider to its 'SmartWall' DDoS protection product

Josh White Sharecast | 19 Apr, 2017 15:17 | | |

Corero Network Security


11:55 28/07/17
  • 2,033.34
  • -1.48%-30.58
  • Max: 2,063.92
  • Min: 2,029.13
  • Volume: 0
  • MM 200 : n/a
12:00 28/07/17
  • 983.63
  • -0.15%-1.44
  • Max: 986.24
  • Min: 982.06
  • Volume: 0
  • MM 200 : n/a
12:00 28/07/17

Network security company Corero Network Security announced on Wednesday that its ‘SmartWall Threat Defense System’ technology had been selected by an unnamed Global Tier 1 internet service provider to deliver a new Distributed Denial of Service (DDoS) mitigation security service.

The AIM-traded firm said it signed a multi-year SmartProtect agreement to provide its SmartWall products and SecureWatch services as part of the roll out of DDoS Protection as a Service (DDPaas) to the service provider's customers.

SmartProtect was described by the company as Corero's “comprehensive solution” for enabling DDoS Protection as-a-Service.

It said SmartProtect was designed for the broad ecosystem of service providers - hosted, managed and ISP - giving operators of varying sizes the capability to deliver DDPaaS to their customers.

The contract provided for Corero to receive a share of revenue generated by the service provider for subscriptions to the new service.

Corero’s board said the service provider operated one of the world's Tier 1 IP networks and provided IP transport, MPLS transport services, managed services, voice and unified communications to enterprise, government, and carrier customers in more than 100 countries.

"This contract win is a strong endorsement of the competitive leadership of SmartWall and the compelling commercial benefit of our SmartProtect programme,” said CEO Ashley Stephenson.

“Delivering large scale DDoS mitigation with an economic model that is aligned to the success of selling DDoS protection security services is a win-win situation for Corero and the service provider.

“We look forward to working in partnership with this provider as the service rolls out over the coming months to its significant customer base.”

More news

11:52 Gfinity 'Elite Series' to feature on BBC Three

International esports company Gfinity signed a contract with the British Broadcasting Corporation, it announced on Thursday, to broadcast its newly launched Elite Series from the Gfinity Arena in London.

11:46 Amazon profits slump as retail giant spends big

US ecommerce colossus Amazon has recorded a 77% drop in quarterly income as it spends heavily in order to boost growth.

11:38 Virtual IBANs push Boxhill in first half

Boxhill Technologies said it had seen improvements across the payments division since the beginning of the year, in a trading update on Friday, both in revenue and technology roll out.

11:23 Analysts have mixed feelings on Barclays 'messy' results

On the face of it, Barclays' first-half results beat City consensus forecasts but analysts had mixed feelings after digging deeper into the numbers.

11:22 Barclays slips to second quarter loss after GBP700m PPI charge

Barclays produced a mixed set of interim with some profits better and some worse than expected due in part to putting aside an extra £700m for PPI mis-selling compensation, while its pensions black hole more than doubled.

11:17 MySQUAR confirms fundraise as it looks to mobile payments

Myanmar-language social media, entertainment and payments platform MySQUAR was forced to respond to recent media speculation over a potential fundraise on Friday, confirming that a placing was in the process of being arranged.

11:13 Touchstone Exploration bags gongs at Petrotrin awards

Trinidad and Tobago-focussed onshore oil and gas exploration and production company Touchstone Exploration received two awards at the Petrotrin 5th Annual Production Health, Safety and Environment Leadership Forum, the company announced on Friday.

11:05 Asia report: Most markets lower amid cyclone of earnings

Markets in Asia were mostly lower on Friday, with traders sifting through a decent pile of corporate earnings.

10:58 US pre-open: Stocks to drop as Amazon earnings disappoint

US futures pointed to a weaker open on Wall Street on Friday, with technology shares set for another sharp drop following disappointing earnings from Amazon, as investors awaited the release of second-quarter economic growth figures.

10:12 Friday broker round-up

AstraZeneca: Morgan Stanley downgrades to Equal Weight with a target price of 4700p.