Corero Network Security : Annual Report and Accounts for the year ended 31 December 2023

2019 $9.7m

2020 $16.9m

2021 $20.9m

2022 $20.1m

$7.2m

$9.8m

2019

$5.4m

2020 $7.6m

2021 $8.4m

2022

$4.4m

2023

$5.2m

-$2.5m

2019 -$6.6m

$3.2m

WHAT WE DO

• • Prevent downtime in the event of a DDoS attack

• • Eliminate the need for operator intervention by automatically mitigating over 98% attacks

• • Enable service providers to deliver added value to customers by offering DDoS protection services

Values and beliefs underpin the strategy. These are lived to become the culture:

To best protect customers from the damaging impact of DDoS cyber security attacks.

OUR FOCUS

Maintain our superior technological performance while delivering sustainable, long-term value to our stakeholders.

Customers First; Technology Leadership & Innovation; Operational Excellence; Integrity; Employee Empowerment & Teamwork

OUR STRATEGIC GOALS

• 1. Grow our pipeline and corresponding revenue

• 2. Leverage our existing reseller and strategic partnerships and develop new ones

• 3. Target and expand our Ideal Customer Profile ('ICP') relationships

• 4. Better monetise our existing services and introduce new services

• 5. Amplify our demand generation programs

• 6. Continue to enhance our technological innovation leadership

SUPPORTED BY

OUR SUPPORTERS

Our supporters are our customers; our partners including strategic alliance partners; our suppliers, our investors and our employees.

A CUSTOMER DRIVEN BUSINESS MODEL:

SCRUBBING PROTECTION

AKAMAI TECHNOLOGIES & CORERO.

"As organisations increasingly adopt hybrid workloads, the question of whether to deploy on-premises DDoS protection or subscribe to a cloud DDoS provider is not an 'either-or' choice. The partnership between Corero and Akamai provides a comprehensive approach to DDoS protection, allowing organizations and service providers to rest easy for both their on-premises and cloud-based needs," said Corero's Chief Technology Officer, Ashley Stephenson.

Akamai Technologies, Inc. (Nasdaq: AKAM), the cloud company that powers and protects life online, announced a global partnership with Corero on 20th September 2023, with Akamai now offering Corero's on-premises DDoS protection to extend Akamai Prolexic, Akamai's own comprehensive portfolio of DDoS security solutions.

state-sponsored actors, hacktivist groups, and other malicious actors targeting sectors such as financial services, gaming, high tech, and commerce.

DDoS attacks continue to be one of the most prevalent forms of cyberattacks. According to Corero's threat research, DDoS carpet bombing attacks rose by 300% in 2022, and IPv6-based DDoS attacks increased by 500% during the same period. Similarly, Akamai has observed a record-breaking increase in high packet rate DDoS attacks by cybercriminals,

Prolexic is a cloud-based DDoS protection platform designed to stop attacks before they reach applications, data centers, and internet-facing infrastructure. Now organisations of all sizes that require on-premises DDoS defenses, whether in addition to cloud-based protection or as a stand-alone solution as part of their own network, can leverage Akamai Prolexic on-prem, which is powered by Corero's SmartWall ONE.

Akamai Prolexic on-prem, powered by Corero, helps protect against DDoS attacks on-premises and provides customers and mitigators maximum flexibility for use cases where a cloud solution cannot or may not be used exclusively.

Akamai Prolexic hybrid combines cloud-based and on-premises DDoS defenses into a comprehensive solution that offers the lowest possible latencies and minimizes traffic redirection, while providing the security of a massive 20+ tbps dedicated defense capacity from more than 36 scrubbing centers of the Akamai Prolexic cloud platform.

Network services providers, hosting and cloud vendors, and businesses offering SaaS, PaaS, or IaaS can now leverage Akamai Prolexic on-prem and hybrid solutions to protect their own environments and provide DDoS protection services to their customers. With Akamai Prolexic on-prem, the operational costs related to transferring traffic to the cloud can be eliminated for the vast majority of small, fast, and subsaturating attacks, while the cloud-based defenses of Akamai Prolexic defend the network against sophisticated high-volume multi-vector attacks.

The new Prolexic hybrid solution also allows companies to protect data-intense real-time services, like videoconferencing, gaming, voice, or multimedia applications, where low-latency local protection is preferred. The hybrid solution allows organisations to bring

"It's no secret that DDoS attacks are becoming bigger and more sophisticated. In just the past two years, seven out of 10 attacks observed were the largest ever mitigated by Akamai, and 65% of attacks we are seeing are highly targeted multi-vector attacks," said Sean Lyons, Senior Vice President and General Manager of Infrastructure Security at Akamai. "Our partnership with Corero allows us to deliver a robust solution while enabling organizations to select the most optimal DDoS solution for their individual use cases whether it be on-demand, always-on, cloud, on-premises, or in a hybrid environment."

Both companies plan to deepen the collaboration further to provide industry-leading infrastructure security solutions by extending seamless cloud signaling,DDoS defense on-premises while still getting automation, and threat intelligence reporting. the safety of Prolexic's massive cloud-based

defense capacity to defend against large, sustained attacks.

To learn more about Akamai and Corero's strategic partnership, visitwww.corero.com/ Akamai-partnership

OUR PARTNERSHIP WITH CORERO ALLOWS US TO DELIVER A ROBUST SOLUTION WHILE ENABLING ORGANISATIONS TO SELECT THE MOST OPTIMAL DDOS SOLUTION FOR THEIR INDIVIDUAL USE CASES WHETHER IT BE ON-DEMAND, ALWAYS-ON, CLOUD, ON-PREMISES, OR IN A HYBRID ENVIRONMENT"

Sean Lyons

SENIOR VICE PRESIDENT AND GENERAL MANAGER OF INFRASTRUCTURE SECURITY AT AKAMAI

TechEnabler Partners with Corero to Deliver Cutting-Edge Anti-DDoS Solutions in Brazil and LATAM with Revenue Sharing Model

The Partnership has already secured Corero a product and services deal in excess of $1 million, the Company's largest ever contract in the LATAM region, showcasing the unique capabilities of TechEnabler's Local Scrubbing-as-a-Service ('LSaaS') offering, using Corero's technology. The service is designed to deliver zero latency and precise traffic management, setting new standards in DDoS mitigation.

Carl Herberger, Chief Executive Officer at Corero, commented:

Corero entered into a key strategic partnership with TechEnabler, an established Brazilian network solutions distributor

(the 'Partnership'). The Partnership will enable Corero to expand its Latin American ('LATAM') footprint, which is a key focus of the Company's overarching growth strategy, as it aims to provide unparalleled DDoS protection across corporate and communications provider networks in Brazil and the broader LATAM region.

Leveraging TechEnabler's extensive network and technical expertise, the Partnership will enable Corero to deploy its flagship SmartWall ONE platform to new customers, offering robust defence mechanisms against the evolving landscape of DDoS attacks and ransom threats. This Partnership is underpinned by a revenue-sharing model, ensuring mutual benefits and success from both organizations' combined efforts.

"Creating this strategic partnership with TechEnabler provides an ideal platform to expand our product reach in a key growth market for Corero, alongside aligning our business with a partner who shares our commitment to cybersecurity excellence.

This agreement reinforces our focus on security innovation, which in turn will allow a new crop of businesses to fortify their networks against DDoS attacks whilst exploring further opportunities to leverage our cutting-edge solutions."