Corero Signs Resale Partnership With Juniper Networks; Stock Climbs

(RTTNews) - Shares of Corero Network Security plc (CNS.L) were gaining around 15 percent in the early morning trading in London after the company announced Tuesday that it has entered into a non-exclusive, multi-year global resale partnership agreement with Juniper Networks (JNPR). The partnership agreement is to resell Corero's SmartWall software products and services.

Corero said the resale partnership is a break-through for the firm and will broaden Corero's routes to market. Under the agreement, SmartWall software products and services will be resold as part of Juniper's DDoS protection offering to Juniper's customers globally.

Ashley Stephenson, Corero CEO, said, "We expect this relationship to significantly broaden our market reach and start delivering incremental revenue in H2 2018, with several opportunities currently being pursued with significant Juniper Networks' customers. We expect the relationship and the contribution to Corero's revenues to grow in the next 12 months."

In London, Corero shares were trading at 10.25 pence, up 15.2 percent.