Corero Network Security thinly traded on AIM after Middle East DDoS partnership
Corero Network Security plc traded in London Tuesday with a 9p-10p spread after it said it formed a channel partnership in the Middle East. The price move was hard to read, as trading was thin and the company didn’t disclose any contract value. The London Stock Exchange operated as normal from 0800 to 1630 BST. Corero said Commercis will bring its DDoS protection platform to telecom, internet, banking, government, energy, critical infrastructure and enterprise customers in the Middle East. The announcement named the partner and listed the sectors, but didn't mention deal size, margins, when the rollout starts or what kind of revenue to expect.