Allot in a strategic deal with a large communications company – the capital market

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Allot
+ 2.02%

Base:4,501

opening:4,500

Tall:4,715

low:4,452

change:2,275,362

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Providing SECaaS Network Analysis and Security Solutions (SECaaS) solutions for worldwide communications and business service providers, reports that European telecommunications service provider Tier-1 has chosen its HomeSecure and BusinessSecure solutions to provide its customers with cyber and content control services to protect end units / routers and devices in their homes and businesses. . This is an existing customer who repurchases the company’s products.

HomeSecure and BusinessSecure solutions will be implemented in the end units provided to customers by the service provider and the network on behalf of the operator. The services are expected to be available to the broadband customers of the service provider. Service subscribers will pay a monthly fee, which will be shared between the service provider and Allot.

“With the successful implementation of Allot’s NetworkSecure solution, this European service provider has decided to expand its working relationship with Allot, which has already resulted in profitable cyber protection services,” noted Ren Friedman, vice president of global sales at Allot. “This is a great opportunity for its customers to receive cyber protection services, which work on their mobile devices at home and in business, and further increase the service provider’s average revenue (ARPU) and brand awareness.”

This is not a very significant deal financially for a company whose sales amount to about 140-150 million dollars a year, but it is a contract with a strategic customer and according to estimates the contract may yield a few million dollars a year.