Tier-1 Telecom Service Provider in Europe Selects Allot HomeSecure and BusinessSecure to Provide Cyber-protection to Consumers and SMBs

Rhea-AI Summary

Allot Ltd (NASDAQ: ALLT) announced a new partnership with a tier-1 European communication service provider (CSP) to offer HomeSecure and BusinessSecure cybersecurity and content control services. These solutions will protect consumer and SMB devices connected to broadband networks, using AI for device behavior analysis. Monthly fees from subscribers will create recurring revenue shared between the CSP and Allot.

This deal expands their relationship following a successful NetworkSecure implementation, enhancing ARPU and brand awareness for the service provider.

Positive

• New contract with tier-1 European CSP for HomeSecure and BusinessSecure services.
• Recurring revenue model from subscriber fees shared with the service provider.
• Expansion of existing relationship following successful NetworkSecure implementation.
• Enhancement of ARPU (Average Revenue Per User) and brand awareness for the service provider.
• Utilization of AI for improved cybersecurity and device behavior monitoring.

Negative

• None.

Anti-malware protection plus configurable content control services to be offered to fixed broadband customers with recurring revenue to be shared between service provider and Allot

Hod Hasharon, Israel, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, today announced that a tier-1 CSP in Europe has selected Allot HomeSecure and BusinessSecure to provide consumers and SMBs with cybersecurity and content control services to protect the CPEs/routers and devices in their homes and businesses. This deal follows the service provider’s successful implementation of Allot’s NetworkSecure.

 

The HomeSecure and BusinessSecure solutions will be deployed in CPEs provided to consumers and SMBs by the service provider, and in the operator’s network. The services are expected to be made available to the service provider’s fixed broadband customers. Subscribers to the service will pay a monthly fee that is shared between the service provider and Allot.

 

Allot HomeSecure and BusinessSecure both provide security for IoT, smart appliances, and the devices connected to the home or business network. They integrate into the existing router with the addition of a thin software client that provides network visibility, cybersecurity and content controls without the need for any configuration by the customer. Allot HomeSecure and BusinessSecure use AI to identify and profile connected devices and to detect and act upon anomalous device behavior. HomeSecure and BusinessSecure have the option to be managed from an easy-to-use app that gives customers control over their network security and content controls.

 

“With their successful Allot NetworkSecure implementation, this European service provider decided to expand their relationship with Allot that has already resulted in a profitable consumer cybersecurity service,” said Ran Fridman, EVP Global Sales at Allot. “It is a great opportunity for their customers to get a cybersecurity service that works on their mobile devices and in their homes and businesses, and for the service provider to further increase ARPU and brand awareness.”

 

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Additional Resources:

Allot Blog: https://www.allot.com/blog

Allot On-air Podcast: https://www.allot.com/resources/podcasts

Follow us on Twitter: @allot_ltd

Follow us on LinkedIn: https://www.linkedin.com/company/allot-communications

 

About Allot

Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-based security as a service solution has achieved over 50% penetration with some service providers and is already used by over 20 million subscribers globally.

Allot. See. Control. Secure.

Forward-Looking Statement

This release contains forward-looking statements, which express the current beliefs and expectations of company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: acceptance of our products by our reseller and customer in EMEA, our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors, government regulation; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on third-party channel partners for a material portion of our revenues; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What is the significance of Allot's partnership with a European CSP?

The partnership allows Allot to provide cybersecurity services through HomeSecure and BusinessSecure, enhancing revenue and customer protection.

How do HomeSecure and BusinessSecure work for customers?

These solutions integrate with existing routers to provide cybersecurity and content controls without customer configuration.

What kind of revenue model is being implemented with this deal?

The service provider will charge a monthly fee from subscribers, which will be shared with Allot, creating a recurring revenue stream.

What technologies are utilized in Allot's security solutions?

Allot's services use AI to identify connected devices and detect anomalous behaviors for enhanced cybersecurity.

What previous success influenced this new deal for Allot?

The deal follows a successful implementation of Allot's NetworkSecure solution by the same service provider.