Corero Network Security plc (“Corero” or the “Company”) Announces Key Customer Wins

Customer wins

Corero Network Security plc (AIM: CNS), the network security company and leading provider of First Line of Defense® security protection, announces a number of key business wins.

Corero sales order intake for three months to 31 March 2014 was up approximately 40% on the comparative period in 2013 and in line with management’s expectations.  In the period Corero secured seven orders exceeding $100,000 from new and existoing customers, as compared to three in the same period in 2013.

New customer wins in the three months to 31 March 2014 included significant orders from a leading analytics and information provider to the property and financial services markets, a US airports operator, a European bank, and a US entertainment company. Furthermore, material orders (upgrades and support service contract renewals) in the three months to 31 March 2014 from existing customers included a leading on-line gaming company, an international industrial group, a US based health services company, an investment services company, and a leading international energy group.

Corero’s recently launched SmartWall™ Threat Defense System product will be demonstrated live during Infosecurity Europe, Europe's leading information security event, at the Earls Court Exhibition Centre from 29 April to 1 May.

Enquiries:

Corero Network Security plc
Andrew Miller, CFO and Chief Operating Officer                                                         Tel: 01895 876382
 

FinnCap
Stuart Andrews/Henrik Persson (corporate finance)                                                   Tel: 020 7220 0500
Simon Johnson/Stephen Norcross (corporate broking)
 

Walbrook PR                                                                                                             Tel: 020 7933 8780
Bob Huxford/Helen Cresswell (Media Relations)
Paul Cornelius (Investor Relations)

About Corero Network Security

Corero Network Security, an organization’s First Line of Defense® against DDoS (Distributed Denial of Service) attacks and cyber threats, is a pioneer in global network security. Corero products and services provide online enterprises, service providers, hosting providers, and Managed Security Service Providers with an additional layer of security capable of inspecting Internet traffic and enforcing real-time access and monitoring policies designed to match the needs of the protected business. Corero technology enhances any defense-in-depth security architecture with a scalable, flexible and responsive defence against DDoS attacks and cyber threats before they reach the targeted IT infrastructure allowing online services to perform as intended. For more information, visit www.corero.com.