Corero Network Security’s on-prem distributed denial of service (DDoS) protection solution will be integrated with Akamai Technologies’ cloud protection services.
The partnership will expand Corero’s routes to market and deliver incremental revenue growth opportunities.
Akamai Prolexic On-Prem (powered by Corero) will offer customers flexible, automatic DDoS protection in their own networks, data centres and self-hosted environments, using Corero’s SmartWall ONE DDoS protection solutions. This will form a part of the Akamai Prolexic Hybrid platform.
Ashley Stephenson, chief technology officer of Corero, said: “This global partnership, with a recognised industry leader, will strategically expand our presence in the market, and will deliver a best-in-class hybrid DDoS protection solution to meet the evolving needs of customers to provide effective protection.”
Corero has also just posted its unaudited results for the first half ended 30 June, 2023.
These are:
-H1 2023 order intake increased 19% to $13m (H1 2022: $10.9m)
-H1 2023 group revenue up 19% to $10.5m (H1 2022: $8.8m)
-Annualised recurring revenues (ARR) up 13% to $15.3m (H1 2022: $13.6m)
-EBITDA loss of $0.2m (H1 2022: EBITDA profit of $0.9m)
-Adjusted EBITDA profit of $0.2 million (H1 2022: Adjusted EBITDA of $0.0m)
-Net cash at 30 June, 2023 of $6.2m (30 June, 2022: $5.8m)
-$1.2m early repayment of bank term loan facility, with no outstanding debt (30 June, 2022: $1.7m)
