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Corero Network Security is a leading provider of DDoS (distributed denial of service) protection solutions. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero specializes in automatic detection and protection against both external and internal DDoS threats in complex edge and subscriber environments. The company's technology ensures internet service availability by offering state-of-the-art DDoS protection solutions, including network visibility, analytics, and reporting tools. Corero is listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB market (OTCQB: DDOSF).
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.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) announces two team members shortlisted for The Channel Co.'s Women in Tech Excellence Awards. Sadiat Jimo, Team Leader of the Security Operations Center (SOC), is nominated for Role Model of the Year - Tech. Teressa Carlin, Manager of the Threat Research Team, is up for Transformation Leader of the Year.
The awards, set for November 27, 2024, in London, celebrate women's achievements in technology. Corero's SOC boasts a 35% female workforce and represents 12 nationalities. CEO Carl Herberger expressed pride in the nominations, highlighting their significance for Corero and the cybersecurity community. The event aims to inspire female talent and promote diversity in tech.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced a significant partnership with stc Bahrain, the leading telecommunications provider in Bahrain. This collaboration aims to enhance DDoS protection services for stc Bahrain's customers, safeguarding against both external and internal DDoS threats. The partnership reinforces stc Bahrain's commitment to delivering top-tier service quality and security.
stc Bahrain has been at the forefront of telecom innovation in Bahrain, consistently introducing the latest technologies. Notable achievements include being the first operator to upgrade to HSPA+ in 2011, providing broadband speeds up to 42 Mbps, and launching 4G/LTE services in 2014. This partnership with Corero further solidifies stc Bahrain's position as a leader in telecom innovation and security in the region.
Corero Network Security's SmartWall ONE has been named a 2024 Top InfoSec Innovator Awards finalist in the DDoS Protection Solution category by Cyber Defense Magazine. This recognition highlights SmartWall ONE as a fast, ultra-responsive, and fully automated DDoS protection solution available as both physical appliances and virtual machines.
Key features of SmartWall ONE include:
- Flexible, software-based design
- Seamless integration into existing network architecture
- Launch of cutting-edge 400G Network Threat Defense (NTD) appliances
The judging process continues through October 2024, with winners to be announced at Cyber Defense Con 2024 in Orlando (Oct. 31 - Nov. 1, 2024).
Corero Network Security (AIM: CNS) (OTCQB: DDOSF) has announced its H1 2024 financial results, reporting a 16% year-over-year revenue growth. The company, specializing in distributed denial of service (DDoS) protection, has seen significant increases in Annual Recurring Revenue (ARR) from subscription services and DDoS Protection-as-a-Service (DDPaaS). Corero also experienced substantial growth in bookings during H1, driven by rising demand for its DDoS protection solutions.
Key highlights include renewals and expansions with major clients like A2 Hosting and DigitalOcean, new partnerships with RoyaleHosting and SEMPRE, and expansion into new markets such as the Netherlands and Pakistan. The company also secured notable customer wins in Canada, Hong Kong, Israel, UK, and US.
Corero Network Security (AIM: CNS) (OTCQB: DDOSF), a DDoS protection specialist, has been named to the 2024 MES Midmarket 100 list by MES Computing, a brand of The Channel Company. This recognition highlights Corero's success in serving the midmarket sector, which forms a substantial portion of its client base and revenue. The company's flagship product, SmartWall ONE, offers automatic DDoS mitigation, protecting against 98% of attacks in real-time.
SmartWall ONE provides support for 400G-connected DDoS detection and can quadruple performance density while halving power consumption. The solution is adaptable, scalable, and easily integrates with existing infrastructure. MES Computing's list recognizes vendors that support midmarket organizations (annual revenue $50 million-$2 billion and/or 100-2500 users) in driving growth and innovation.
Corero Network Security, a leader in DDoS protection, has announced major updates to its SmartWall Service Portal. Key new features include executive reports and tenant prospecting. These improvements aim to help service providers leverage DDoS protection for revenue generation.
Executive reports offer real-time insights into DDoS investment effectiveness, boosting transparency and stakeholder trust. Tenant prospecting helps providers identify and convert unsubscribed customers, enhancing customer retention and service expansion.
CEO Carl Herberger emphasized that the updates transform security from a necessity into a competitive advantage, fostering goodwill and business growth.
On June 13, 2024, Corero Network Security (AIM: CNS, OTCQB: DDOSF) announced the renewal and expansion of their agreement with A2 Hosting, a leader in high-performance hosting solutions. This multiyear agreement underscores A2 Hosting's commitment to providing robust DDoS protection using Corero's advanced technology. A2 Hosting has been a customer since 2019, leveraging Corero's SecureWatch managed services and hybrid cloud solutions. The extension reflects the trust and satisfaction A2 Hosting has in Corero's DDoS protection capabilities. Carl Herberger, CEO of Corero, expressed excitement about the extended partnership, highlighting its alignment with A2 Hosting's business objectives. A2 Hosting offers various web hosting solutions, emphasizing speed, security, and reliability, and caters to a diverse range of websites with features like free website migrations, 24/7 support, and AI-powered optimizations.
Corero Network Security, trading under the ticker DDOSF, has won the 2024 Visionary Spotlight Award for Cybersecurity with its Corero SmartWall ONE DDoS protection solution. The award, organized by ChannelVision, recognizes innovation in communications. Corero SmartWall ONE, which mitigates 98% of attacks in real-time, is noted for its flexibility, scalability, and ease of integration with existing infrastructure. The solution supports 400G-connected DDoS detection and mitigation, offering both virtual and hardware appliances that enhance performance density and reduce power consumption. This award highlights Corero's commitment to delivering advanced cybersecurity solutions.
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