Telco Systems Wins $3.7M Contract to Provide Cyber Security Solution for Government Agency
- Telco Systems is sole supplier of new level of intelligent cyber defense to protect top-security networks against complex attacks. Total value is estimated at $20M over the next five years.
Telco Systems, the leading provider of innovative SDN & NFV and multi-service Carrier Ethernet 2.0 and MPLS edge access solutions announced today that it has been awarded a significant contract to be the sole supplier for the delivery of a leading-edge cyber-security solution to a government defense ministry. Initially worth $3.7M, Telco Systems expects accumulated orders to increase to over $10M by 2017, with a total value estimated by the customer of approximately $20M over the next five years.
Telco Systems was awarded the long-term contract following a rigorous proof-of-concept (POC) program conducted over a two-year period in which its solution was deemed the best-of-breed among its competitors. The cyber-security solution, based on the company's premium 10G networking platforms and Celare's proprietary software, will be deployed in two stages in Q4 2015 and Q1 2016. Deployment is expected to be completed in 2016 with expansion to follow.
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Telco Systems utilizes Celare's software which enables comprehensive network monitoring for detecting, investigating and analyzing network threats and advanced persistent threats (APTs). Several of these solutions are currently undergoing POC programs with potential customers. Celare's technology detects unknown threats based on complex algorithms for identifying network anomalies.
Ariel Efrati, Telco Systems' CEO, said: "We are proud to be selected as the sole supplier for the delivery of a strategic cyber-security solution of this magnitude. Our relentless pursuit of innovation together with our premium-level products and substantial, field-proven expertise are the keys to success for such a long-term and demanding commitment."
Source : Telco Systems - view original press release
Apr 26 - 27, 2017 - London, United Kingdom