Corero closes out Q2 with 'significant new orders'

10th Jul 2024 10:51

(Sharecast News) - Network security specialists Corero has received "significant new orders" for its SmartWall ONE distributed denial of services protection solutions to close out the second quarter.

Corero said on Wednesday that the orders, which have a total contract value of $2.2m, were with four new customers, three of which were based in North America and one in the UK.

Chief executive Carl Herberger said: "These key customer wins build on our continued new business momentum generated throughout Q2 2024, with all four choosing to replace their existing solutions with Corero's market-leading SmartWall ONE technology.

Securing these significant new mandates completes a successful half-year period for the company and provides a strong base from which we can further grow our global market presence and enhance our service offering in the remainder of the year and beyond."

As of 1050 BST, Corero shares were up 5.44 % at 19.77p.

Reporting by Iain Gilbert at Sharecast.com