Corero Network Security Achieves $6M in New Orders Boosting Growth

Corero Network Security Announces New Order Success

Corero Network Security (AIM: CNS) (OTCQB: DDOSF), a specialist in distributed denial of service (DDoS) protection, has recently reported securing $6 million in new orders for the third quarter of 2024. This remarkable achievement not only underscores the company's robust growth but also reinforces its commitment to customer satisfaction. With this latest influx of business, Corero's total orders for the year now stand at an impressive $20.2 million.

Significant Customer Acquisition Momentum

Corero's SmartWall ONE DDoS protection solutions have been pivotal in driving the company’s success into new strategic territories, including regions such as the Middle East and Latin America. The company successfully gained six additional customers in Q3 2024, contributing to a cumulative total of 16 new customer acquisitions this year.

Strengthening Existing Client Relationships

In addition to bringing in new clients, Corero has continued to deepen relationships with existing customers through critical contract renewals and upgrades. This trend reflects an ongoing trust in the company's SmartWall ONE solution, aligning with their evolving security needs and contributing to their business growth.

Leadership Insights on Growth Strategy

Carl Herberger, the CEO of Corero Network Security, expressed enthusiasm about welcoming new customers and the sustained growth with existing ones. He stated, "I am thrilled to welcome our new customers and delighted that we continue to grow with our existing customers. Renewals and upgrades demonstrate that we are successfully delivering on our customer promises and collectively these deals underline the market-leading capabilities of our cutting-edge SmartWall ONE solution."

Success Through Strategic Market Positioning

Herberger further emphasized that the company's continuous new customer wins since the first half of 2024 highlight the effectiveness of their accelerated go-to-market strategy. This progress solidifies Corero's competitive standing within the global market landscape.

About Corero Network Security

Corero Network Security is renowned for offering advanced DDoS protection solutions. The firm specializes in automatic detection and protection mechanisms, complemented by comprehensive network visibility, analytics, and reporting tools. Their technology efficiently protects against both external and internal DDoS threats in complex environments, thereby ensuring consistent internet service availability.

Global Presence and Market Impact

Headquartered in London, with operational centers located in Marlborough, Massachusetts, and Edinburgh, UK, Corero is not only a trusted provider of DDoS security solutions but also listed on both the London Stock Exchange’s AIM market and the US OTCQB Market under the tickers CNS and DDOSF respectively. As they continue to grow and innovate, Corero remains at the forefront of internet security solutions, committed to safeguarding businesses across various industries.

Frequently Asked Questions

What is Corero Network Security known for?

Corero specializes in providing advanced DDoS protection solutions that include automatic detection systems and comprehensive analytics.

How much in new orders did Corero secure in Q3 2024?

Corero Network Security secured $6 million in new orders during the third quarter of 2024.

What is the total amount of orders for Corero in 2024?

As of now, Corero has reached a total of $20.2 million in orders for the year 2024.

How many new customers did Corero acquire this year?

This year, Corero has acquired a total of 16 new customers, continuing its growth trend.

What strategic areas is Corero expanding into?

Corero is expanding its presence in new strategic regions, including the Middle East and Latin America.

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