Major European Financial Institution Selects Corero Network Security in Multi-Year Deal to Safeguard Critical Infrastructure

Rhea-AI Summary

Corero Network Security (OTCQX: DDOSF) has secured a significant multi-year agreement with a major European financial institution to provide DDoS protection services. The deal includes an initial three-year term with a two-year extension option for a single country, with potential for expansion.

The agreement involves replacing an existing on-premises DDoS solution with Corero's technology, which will be integrated with Akamai's cloud-based DDoS protection. The combined solution, marketed as Akamai Prolexic On-Prem powered by Corero, offers unified defense, high availability, and proactive mitigation against cyber threats.

This strategic win demonstrates Corero's growing presence in the financial services sector and highlights the success of its partnership with Akamai Technologies in delivering integrated protection strategies.

Positive

• Secured multi-year contract with major European financial institution
• Partnership with industry leader Akamai Technologies strengthens market position
• Potential for geographic expansion beyond initial single-country deployment
• Replacement of incumbent provider demonstrates competitive advantage

Negative

• None.

Strategic win highlights the strength of Corero's technology and alliance with Akamai Technologies

LONDON, Aug. 28, 2025 /PRNewswire/ -- Corero Network Security (AIM: CNS) (OTCQX: DDOSF), a recognized leader in DDoS protection and champion of adaptive, real-time service availability, today announced it has secured a multi-year agreement with a leading European financial institution to enhance the resilience and availability of critical digital services. The win underscores Corero's growing role in the global financial services sector and highlights the strategic value of its alliance with Akamai Technologies, which enables integrated protection strategies for enterprise environments.

Under the terms of the agreement, Corero will replace an incumbent on-premises DDoS protection solution following performance challenges and limited support experienced by the customer. Corero's ease of use, real-time mitigation capabilities and leading security operations center services were key factors in the decision. The agreement spans an initial three-year term and an optional two-year extension for a single country with the opportunity for further growth.

The customer already relies on Akamai's cloud-based DDoS protection. By adding the on-premises component, sold as Akamai Prolexic On-Prem powered by Corero, they gain a unified defense model that delivers high availability, operational visibility and proactive mitigation against evolving cyber threats. Procuring the full solution through Akamai also streamlined the purchasing and deployment process.

Carl Herberger, Chief Executive Officer at Corero Network Security, said:
"This is a significant validation of our ability to meet the high standards of one of Europe's most trusted financial institutions. It reflects the value of our technology and our partnership with Akamai, and reinforces our position as a provider of choice for organizations where service availability is mission-critical."

"This continued partnership and strategic win alongside Corero underscore Akamai's commitment to safeguarding the world's most critical sectors with innovative, integrated security solutions. By combining Corero's real-time on-premises DDoS mitigation with our market-leading cloud platform, we provide financial institutions unified protection, seamless operations, and the agility they need to stay resilient against evolving threats. This award demonstrates the real value of our alliance in delivering to customers and marks an exciting milestone in our ongoing collaboration," 

said Ankita Kharya, Director of Product Management, Akamai Infrastructure Security.

With Corero's protection in place, the institution gains enhanced visibility into threat activity, faster response times and improved assurance that essential services remain uninterrupted. The deal reflects increasing demand in the financial sector for integrated, proactive DDoS defense.

About Corero Network Security

Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics and reporting tools. Corero's technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF).

View original content to download multimedia:https://www.prnewswire.com/news-releases/major-european-financial-institution-selects-corero-network-security-in-multi-year-deal-to-safeguard-critical-infrastructure-302540373.html

SOURCE Corero Network Security

FAQ

What is the duration of Corero Network Security's (DDOSF) new contract with the European financial institution?

The contract includes an initial three-year term with an optional two-year extension, focusing on a single country with potential for expansion.

How does Corero's DDoS protection solution integrate with Akamai Technologies?

The solution is sold as Akamai Prolexic On-Prem powered by Corero, combining Corero's on-premises DDoS mitigation with Akamai's cloud-based protection for unified defense.

What were the key factors in selecting Corero's (DDOSF) DDoS protection solution?

The key factors were ease of use, real-time mitigation capabilities, and leading security operations center services.

Why did the European financial institution choose to replace their existing DDoS protection with Corero (DDOSF)?

The institution experienced performance challenges and limited support with their incumbent on-premises DDoS protection solution.

What benefits will the financial institution gain from implementing Corero's protection?

The institution will gain enhanced visibility into threat activity, faster response times, and improved assurance of uninterrupted essential services.