Corero Network Security Appoints Ashley Stephenson as Executive Vice President

HUDSON, MA., April 11, 2012 – Corero Network Security (CNS: LN), the leading provider of DDoS Defense and Next Generation IPS (NGIPS) solutions, today named veteran IT industry expert Ashley Stephenson as executive vice president. An Internet technology entrepreneur, Stephenson, who has operating experience in the United States, Europe and Asia, will lead Corero’s global expansion strategy.

"We are delighted to have someone of Ashley’s caliber join Corero. His proven executive leadership experience, international expertise and channel know-how will help us take the company’s solutions to the next level in the escalating battle against cyber attacks," said Marty Meyer, CEO of Corero.

Stephenson co-founded or led several IT companies as chairman or CEO including Reva Systems, acquired by ODIN, and Xedia Corporation, acquired by Lucent. Most recently, he has provided strategic advisory services to leading companies on the evolution of the global IT market.  Stephenson has served on the board of directors of several startups and industry consortia. He also was awarded “CEO of the Year” by the Massachusetts Telecommunications Council.

"I'm very excited to join Corero. The company's game-changing DDoS Defense and Next Generation IPS technology make this a unique opportunity to expand the business as the network security market continues to experience explosive growth," Stephenson said.

“We will continue to build on our strategy to work with key partners around the globe to build out an intelligent next generation defense infrastructure against cyberattacks. The more enterprises and institutions we protect, the more we learn about the evolving nature of the threats. It is a win-win-win for our partners, our customers and Corero,” Stephenson added.

Corero’s products and services provide its customers with a robust, high-performance defense against the constantly evolving and increasingly sophisticated realm of cyber attacks. Its DDoS Defense System (DDS), which stops DDoS attacks, and NGIPS solutions are pro-actively protecting the networks and IT resources of enterprises, service providers and government organizations worldwide.