{"id":16156,"date":"2025-01-07T19:19:53","date_gmt":"2025-01-07T12:19:53","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=16156"},"modified":"2025-01-07T19:19:53","modified_gmt":"2025-01-07T12:19:53","slug":"corero-network-security-achieves-16-arr-growth-driving-momentum-into-2025","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=16156","title":{"rendered":"Corero Network Security Achieves 16% ARR Growth, Driving Momentum into 2025"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1100072\/Corero_Network_Security_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Record <span class=\"xn-money\">$19.5M<\/span> ARR and strong order growth cement Corero&#8217;s leadership in SaaS-driven DDoS protection<\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">MARLBOROUGH, Mass.<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 7, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4334719-1&amp;h=2135089860&amp;u=https%3A%2F%2Fwww.corero.com%2F&amp;a=Corero+Network+Security\" target=\"_blank\" rel=\"nofollow\">Corero Network Security<\/a> \u00a0(AIM: CNS) (OTCQX: DDOSF), the DDoS protection specialists, today announced a strong trading update for the year ended <span class=\"xn-chron\">December 31, 2024<\/span>. The Company continued to execute its growth strategy, delivering impressive financial results and advancing its transition to a SaaS-based revenue model, positioning it for sustained growth in 2025 and beyond.<\/p>\n<p>Key financial and operational highlights for FY 2024 include:<\/p>\n<ul type=\"disc\">\n<li>Annualized Recurring Revenue (ARR) grew 16% to <span class=\"xn-money\">$19.5 million<\/span>, driven by strong demand for subscription-based DDoS Protection as-a-Service (DDPaaS)<\/li>\n<li>Order intake increased 13% to <span class=\"xn-money\">$28.2 million<\/span>, reflecting growing customer adoption<\/li>\n<li>Revenue rose 10% to <span class=\"xn-money\">$24.6 million<\/span>, up from <span class=\"xn-money\">$22.3 million<\/span> in 2023<\/li>\n<li>EBITDA expected to grow to <span class=\"xn-money\">$2<\/span>.1\u2013$2.5 million, compared to <span class=\"xn-money\">$1.8 million<\/span> in FY 2023<\/li>\n<li>Over 70% increase in new customer acquisition<\/li>\n<li>97% customer retention rate, with a robust pipeline heading into 2025<\/li>\n<\/ul>\n<p>Corero also ended FY 2024 in a strong financial position, with <span class=\"xn-money\">$5.3 million<\/span> in cash and no debt. An additional <span class=\"xn-money\">$4.8 million<\/span> in new customer orders invoiced in Q4 2024 is expected to be collected in early Q1 2025, providing further confidence for the year ahead.<\/p>\n<p>&#8220;2024 has been a transformative year for Corero. We&#8217;ve delivered record-breaking ARR and robust order growth, while enhancing our go-to-market strategy and advancing our technology capabilities. Our transition to a SaaS-based model has not only strengthened our financial foundation but is also driving consistent and impressive results,&#8221; said <span class=\"xn-person\">Carl Herberger<\/span>, CEO of Corero.<\/p>\n<p>In Q4, we launched our new CORE platform, underscoring Corero&#8217;s commitment to innovation and reinforcing our leadership in DDoS protection. With an exceptional customer retention rate and the healthiest pipeline we&#8217;ve seen to date, I&#8217;m confident we&#8217;ll deliver continued growth in 2025 and beyond.&#8221;<\/p>\n<p><b>About Corero Network Security<\/b><br \/>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&#8217;s technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in <span class=\"xn-location\">Marlborough, Massachusetts<\/span>, USA, and <span class=\"xn-location\">Edinburgh, UK<\/span>, Corero is headquartered in <span class=\"xn-location\">London<\/span> and listed on the London Stock Exchange&#8217;s AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF).<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1100072\/Corero_Network_Security_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Record <span class=\"xn-money\">$19.5M<\/span> ARR and strong order growth cement Corero&#8217;s leadership in SaaS-driven DDoS protection<\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">MARLBOROUGH, Mass.<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 7, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4334719-1&amp;h=2135089860&amp;u=https%3A%2F%2Fwww.corero.com%2F&amp;a=Corero+Network+Security\" target=\"_blank\" rel=\"nofollow\">Corero Network Security<\/a> \u00a0(AIM: CNS) (OTCQX: DDOSF), the DDoS protection specialists, today announced a strong trading update for the year ended <span class=\"xn-chron\">December 31, 2024<\/span>. The Company continued to execute its growth strategy, delivering impressive financial results and advancing its transition to a SaaS-based revenue model, positioning it for sustained growth in 2025 and beyond.<\/p>\n<p>Key financial and operational highlights for FY 2024 include:<\/p>\n<ul type=\"disc\">\n<li>Annualized Recurring Revenue (ARR) grew 16% to <span class=\"xn-money\">$19.5 million<\/span>, driven by strong demand for subscription-based DDoS Protection as-a-Service (DDPaaS)<\/li>\n<li>Order intake increased 13% to <span class=\"xn-money\">$28.2 million<\/span>, reflecting growing customer adoption<\/li>\n<li>Revenue rose 10% to <span class=\"xn-money\">$24.6 million<\/span>, up from <span class=\"xn-money\">$22.3 million<\/span> in 2023<\/li>\n<li>EBITDA expected to grow to <span class=\"xn-money\">$2<\/span>.1\u2013$2.5 million, compared to <span class=\"xn-money\">$1.8 million<\/span> in FY 2023<\/li>\n<li>Over 70% increase in new customer acquisition<\/li>\n<li>97% customer retention rate, with a robust pipeline heading into 2025<\/li>\n<\/ul>\n<p>Corero also ended FY 2024 in a strong financial position, with <span class=\"xn-money\">$5.3 million<\/span> in cash and no debt. An additional <span class=\"xn-money\">$4.8 million<\/span> in new customer orders invoiced in Q4 2024 is expected to be collected in early Q1 2025, providing further confidence for the year ahead.<\/p>\n<p>&#8220;2024 has been a transformative year for Corero. We&#8217;ve delivered record-breaking ARR and robust order growth, while enhancing our go-to-market strategy and advancing our technology capabilities. Our transition to a SaaS-based model has not only strengthened our financial foundation but is also driving consistent and impressive results,&#8221; said <span class=\"xn-person\">Carl Herberger<\/span>, CEO of Corero.<\/p>\n<p>In Q4, we launched our new CORE platform, underscoring Corero&#8217;s commitment to innovation and reinforcing our leadership in DDoS protection. With an exceptional customer retention rate and the healthiest pipeline we&#8217;ve seen to date, I&#8217;m confident we&#8217;ll deliver continued growth in 2025 and beyond.&#8221;<\/p>\n<p><b>About Corero Network Security<\/b><br \/>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&#8217;s technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in <span class=\"xn-location\">Marlborough, Massachusetts<\/span>, USA, and <span class=\"xn-location\">Edinburgh, UK<\/span>, Corero is headquartered in <span class=\"xn-location\">London<\/span> and listed on the London Stock Exchange&#8217;s AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF).<\/p>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-16156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/16156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16156"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/16156\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}