STOCK TITAN

Corero Network Security Enters New Relationship with TierPoint

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Corero Network Security (DDOSF) partners with TierPoint for advanced DDoS protection, showcasing superior capabilities and value in cyber security. TierPoint selects Corero for next-gen defense infrastructure, emphasizing the critical need for reliable cyber defense mechanisms in today's digital landscape.
Positive
  • None.
Negative
  • None.

Insights

The partnership between Corero Network Security and TierPoint represents a strategic move in the cybersecurity industry, particularly in the realm of DDoS protection. As cyber threats become more sophisticated, the demand for advanced defense mechanisms is critical for companies that manage significant data center operations. TierPoint's choice to implement Corero's DDoS defense infrastructure can be seen as a proactive step to enhance its security posture, which could potentially lead to increased trust among its clientele and possibly attract new business seeking robust cybersecurity solutions.

From a financial perspective, this partnership could translate into a stable revenue stream for Corero, given TierPoint's extensive customer base and the recurring nature of cybersecurity service contracts. For TierPoint, the investment in Corero's technology may lead to cost savings in the long run by mitigating the financial impact of potential DDoS attacks, which can be substantial in terms of downtime and reputational damage.

The collaboration between Corero Network Security and TierPoint is likely to have ripple effects across the cybersecurity market. Corero's stock could see an uplift from this announcement, as partnerships with prominent industry players serve as a strong validation of a company's products and services. Investors and analysts often look for such strategic alliances as indicators of a company's growth potential and market position. Furthermore, as cybersecurity becomes a non-negotiable aspect of digital infrastructure management, companies like TierPoint that invest in state-of-the-art defense systems could gain a competitive edge, potentially influencing market dynamics in the data center services sector.

From a risk management standpoint, TierPoint's integration of Corero's DDoS protection capabilities is a significant step in mitigating operational risks associated with cyber threats. DDoS attacks are not only disruptive but can also serve as a smokescreen for more invasive security breaches. By enhancing their defense infrastructure, TierPoint is addressing both direct and ancillary risks. This move may also reflect positively on TierPoint's risk profile, which is an essential factor that investors consider when evaluating a company's long-term viability and stability.

Additionally, the increased focus on cybersecurity within the industry sets a precedent for other companies to follow suit, potentially leading to a broader adoption of advanced DDoS protection solutions, thereby expanding the market for providers like Corero.

MARLBOROUGH, Mass., April 11, 2024 /PRNewswire/ -- Today, Corero Network Security (AIM: CNS, OTC: DDOSF), the distributed denial of service (DDoS) protection specialists, announces its new partnership with TierPoint. This new relationship marks a significant achievement, showcasing the superior capabilities and value of Corero's DDoS protection offerings.

TierPoint has selected Corero Network Security for its next-generation DDoS defense infrastructure, underlining the critical need for cutting-edge, reliable cyber defense mechanisms in today's digital landscape. This partnership reflects a shared commitment to excellence in cyber security and operational resilience.

TierPoint, with more than 800 employees and 40 data centers across 20 U.S. markets, serves thousands of customers. This extensive scale underscores the importance of advanced DDoS protection in safeguarding the vast array of critical services and infrastructure TierPoint manages.

Paul Mazzucco, CSO, at TierPoint said, "Corero's innovative approach and proven track record in DDoS protection were key factors in our decision, highlighting their leadership and expertise in the cyber security domain."

Carl Herberger, CEO of Corero Network Security, expressed his enthusiasm about the new partnership, stating, "We are thrilled to welcome TierPoint to the Corero family. This relationship is a testament to the hard work and dedication of our team, and it underscores the trust and confidence businesses place in our solutions. The win not only highlights our technological edge but also our commitment to providing unparalleled service and support to our customers."

The relationship with TierPoint signifies Corero's continued momentum in the cyber security space, further establishing its position as a preferred provider of innovative DDoS protection solutions for enterprises worldwide.

About TierPoint

TierPoint (tierpoint.com) is a leading provider of secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. TierPoint also has one of the largest and most geographically diversified U.S. footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast network.

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 centers 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).

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/corero-network-security-enters-new-relationship-with-tierpoint-302113560.html

SOURCE Corero Network Security

FAQ

What is the significance of Corero Network Security's partnership with TierPoint?

The partnership signifies Corero's superior capabilities and value in DDoS protection, highlighting the critical need for reliable cyber defense mechanisms.

Why did TierPoint select Corero Network Security for its next-generation DDoS defense infrastructure?

TierPoint chose Corero due to their innovative approach, proven track record in DDoS protection, and leadership in the cyber security domain.

How many data centers does TierPoint have and in how many U.S. markets are they located?

TierPoint has 40 data centers across 20 U.S. markets, serving thousands of customers.

Who is the CSO at TierPoint and what did he say about Corero's DDoS protection?

Paul Mazzucco, CSO at TierPoint, highlighted Corero's innovative approach and proven track record in DDoS protection as key factors in their decision.

Who is the CEO of Corero Network Security and how did he react to the partnership?

Carl Herberger, CEO of Corero Network Security, expressed his enthusiasm for the partnership with TierPoint.

CORERO NETWORK SEC PLC

OTC:DDOSF

DDOSF Rankings

DDOSF Latest News

DDOSF Stock Data

137.62M
107.01M
81.23%
12.47%
Software - Infrastructure
Technology
Link
United States of America
London