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About Corero Network Security
Corero Network Security (OTCQB: DDOSF) is a leading provider of Distributed Denial of Service (DDoS) protection solutions, specializing in real-time, automatic detection and mitigation of DDoS threats. Headquartered in London, with operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero serves a global clientele across industries such as telecommunications, cloud services, government, e-commerce, and financial services.
Core Offerings and Technology
Corero’s flagship product suite, SmartWall ONE™, delivers advanced DDoS protection through a combination of on-premises appliances and cloud-based solutions. The company’s technology is designed to protect against both external and internal DDoS threats, ensuring uninterrupted service availability and operational resilience. Key features include network visibility, analytics, and reporting tools, which provide actionable insights and enhance security postures. By integrating seamlessly with hybrid and on-premises infrastructures, Corero’s solutions cater to the complex needs of modern digital environments.
Revenue Model and Services
Corero generates revenue through direct sales of its DDoS protection appliances, subscription-based services like DDoS Protection-as-a-Service (DDPaaS), and managed services such as SecureWatch. These offerings provide customers with proactive monitoring, configuration optimization, and rapid incident response, ensuring tailored security solutions that align with specific business goals.
Market Context and Competitive Position
Operating within the rapidly growing cybersecurity industry, Corero addresses the escalating demand for advanced DDoS protection as cyber threats become increasingly sophisticated. Its focus on automation and real-time mitigation differentiates it from competitors, enabling organizations to protect critical infrastructure without manual intervention or operational delays. Strategic partnerships with industry leaders like Akamai and regional alliances in markets such as Latin America further bolster Corero’s market presence.
Global Reach and Strategic Partnerships
Corero has established a strong global footprint, with customers and partners across North America, Europe, Latin America, and the Middle East. Notable collaborations include partnerships with TierPoint, Akamai, and DigitalOcean, as well as regional alliances with companies like NovaRed and TechEnabler. These relationships underscore Corero’s ability to deliver scalable, industry-leading solutions tailored to diverse market needs.
Key Industries and Use Cases
Corero’s solutions are particularly valuable for industries where service availability is paramount, such as telecommunications, cloud computing, financial services, and e-commerce. Its technology is also increasingly adopted in emerging sectors like AI-driven data centers, where ultra-low-latency protection is critical. By addressing the unique challenges of these industries, Corero enables organizations to maintain operational continuity, safeguard customer trust, and meet stringent service-level agreements (SLAs).
Commitment to Innovation
Corero continues to innovate in the field of cybersecurity, as evidenced by its recent advancements in multi-site resiliency and intelligent traffic management. These developments ensure uninterrupted protection against large-scale attacks and operational failures, reinforcing Corero’s position as a trusted partner for organizations navigating an ever-evolving threat landscape.
Conclusion
With its specialized focus on DDoS protection, robust technology portfolio, and strategic global partnerships, Corero Network Security plays a critical role in safeguarding the digital infrastructure of businesses worldwide. Its commitment to innovation and operational excellence positions it as a key player in the cybersecurity industry, addressing the growing need for reliable, real-time protection against evolving cyber threats.
Corero Network Security (AIM: CNS) (OTCQX: DDOSF) announced significant customer wins and expanded engagements in Q4 2024, strengthening its position in DDoS protection. The company secured new partnerships in Texas, USA, and Iceland, while deepening relationships across government, cloud services, telecommunications, and aerospace sectors. Notable developments include a major equipment upgrade commitment from a long-term European government client and selection by a prominent aerospace organization for DDoS protection services.
Corero Network Security (LSE: CNS; OTCQX: DDOSF), a DDoS protection specialist, has upgraded from the OTCQB Venture Market to begin trading on the OTCQX Best Market. This transition represents a significant milestone in the company's expansion strategy and aims to increase visibility among U.S. investors. The OTCQX Market, designed for established companies, requires high financial standards, strong corporate governance, and securities law compliance. Investors can now access Corero's financial information and Real-Time Level 2 quotes on otcmarkets.com under the symbol 'DDOSF'.
Corero Network Security's SmartWall ONE has been named a Hot Company DDoS Protection Solution by Cyber Defense Magazine in its 2024 InfoSec Awards. SmartWall ONE is an always-on, adaptive DDoS protection platform that operates 20 times faster and with 50 times lower latency than competitors.
The solution features 400G Network Threat Defense appliances and can be deployed on-premises as physical or virtual software. Corero has partnered with GTT and Akamai for hybrid cloud DDoS protection and recently launched the NTD 3400, a 400G enhancement to SmartWall ONE.
Corero Network Security (OTCQB: DDOSF) has launched CORE, a new cloud-based availability protection platform. This SaaS solution enhances existing security infrastructure by providing real-time traffic analytics, threat intelligence, application layer protection, and anti-bot DDoS defense. CORE utilizes AI/ML-assisted insights from comprehensive data lakes, gathering feeds from multiple network sources to transform security events into actionable intelligence. The platform is vendor-agnostic, integrates with third-party tools, and marks Corero's first expansion beyond DDoS protection, offering a subscription-based model without requiring additional hardware.
Corero Network Security (DDOSF) has launched its new Network Threat Detector (NTD) 3400, a 400G hardware appliance for DDoS protection. The device offers four times the connectivity of previous models while consuming less than twice the power. The company also introduced a Trade-In Program offering significant discounts to customers upgrading from legacy Corero appliances or competitor solutions. The NTD 3400 features reduced hardware complexity, flexible deployment options, and future-proof scalability, continuing the company's 400G rollout that began with their software-based solution in February.
Corero Network Security has launched its new Network Threat Detector (NTD) 3400, a 400G hardware appliance enhancing the SmartWall ONE™ DDoS protection system. The NTD 3400 delivers four times the connectivity of previous models while consuming less than twice the power. Alongside this launch, Corero introduced a Trade-In Program offering significant discounts for customers upgrading from legacy Corero appliances or competitor solutions.
The new appliance features reduced hardware complexity, flexible deployment options, and future-proof scalability. This release follows the company's February software-based 400G solution launch, demonstrating Corero's commitment to advancing DDoS protection technology.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced its participation in two upcoming investor conferences. CEO Carl Herberger and CFO Chris Goulden will present at the Mello @ the London Investor Show on November 1, 2024, and attend the virtual Sidoti Micro-Cap Conference on November 13-14, 2024.
The presentations come amid increased insider buying and investor interest, following strong H1 2024 results. The company reports global growth in customer acquisition, renewals, and upgrades, demonstrating confidence in their SmartWall ONE™ DDoS protection solution.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF), a specialist in DDoS protection, has announced $6 million in new orders for Q3 2024, bringing the total orders for 2024 to $20.2 million. The company's SmartWall ONE™ DDoS protection solutions have driven expansion into new strategic geographies such as the Middle East and Latin America, while strengthening existing markets. Corero secured six additional customer wins in Q3, totaling 16 new customers for the year.
The company also expanded relationships with existing customers through contract renewals and upgrades, demonstrating continued trust in its SmartWall ONE solution. CEO Carl Herberger expressed enthusiasm for the new customers and growth with existing ones, highlighting the success of Corero's accelerated go-to-market strategy and its increasing ability to compete globally.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF), a DDoS protection specialist, will hold investor calls to discuss its H1 2024 results. The company reported strong performance with:
- Revenue increased by 16% to $12.2 million
- Annualized recurring revenues (ARR) grew 12% to $17.2 million
- EBITDA profit of $0.7 million
CEO Carl Herberger expressed confidence in the company's reinvigorated go-to-market strategy. Corero secured strategic sales partnerships in Latin America, Europe, and the U.S., and launched new services like the SmartWall ONE™ Service Portal and DDoS Intelligence Service. The company remains on track to meet market expectations for FY 2024, with management confident in continued growth.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced three new strategic partnerships in Chile with NovaRed, Vista Group International (VGL), and GreyMatter. This expansion marks a significant milestone in Corero's growth in the Latin American market. NovaRed is a leading cybersecurity company with a strong regional presence, VGL is a global leader in film industry software solutions, and GreyMatter specializes in digital transformation and software development.
Additionally, Corero has secured a substantial deal with Netline, a major Chilean telecommunications company, through its partnership with GreyMatter. These partnerships aim to enhance Corero's reach in various industries and strengthen its position in providing DDoS protection and secure connectivity solutions across Latin America.
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