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Corero Acquires Top Layer Security

Corero plans to expand Top Layer's geographic footprint and overall presence in the network security market
February 7, 2011: Corero plc (AIM: CORO) and Top Layer Security, a leading provider of real-time Intrusion Prevention and DDOS protection systems, today announced that they have signed a definitive agreement for Corero to acquire Top Layer Security. The transaction has been approved by the boards of directors of both companies. The acquisition is subject to Corero shareholder approval and is expected to close in early March.

Upon completion, Top Layer will constitute the foundation of Corero's security systems' strategy to develop a network security business through organic growth and targeted strategic acquisitions.

Corero's demanding target acquisition profile was focused on finding a proven and commercialized core technology. Top Layer has a rich 13 year heritage in building high performance network security devices, from its early application-aware switches that identify and prioritize specific applications and key transaction types, to today's network intrusion prevention systems that include stateful firewalling and DDOS attack mitigation. Top Layer holds a broad patent portfolio and has developed an extensive suite of capabilities and tools around highly optimized parallel processing. Over the past 3 years, Top Layer has leveraged a close relationship with the Tilera Corporation, a fabless semiconductor company focusing on scalable multicore embedded processor design. The combination of Top Layer's real-time multiprocessor system design experience, security know-how, and Tilera's 64 core processors has yielded an IPS product suite delivering ultra low latency security processing and solutions delivering network throughputs beyond 20 Gbps.

"Top Layer offers an exceptional platform, IPS, firewall and DDOS protection, on which to develop a broad suite of next generation network security products" said Steve Turner, Corero's VP Technology and Services. "The product development road map we have drawn up will progressively expand the existing product range, and extend capabilities to address the growing scope of the overall threat landscape. We are convinced that Top Layer's technology has the ideal balance of performance and flexibility to meet the network security market challenges going forward."

Corero plans to expand Top Layer's geographic footprint and overall presence in the network security market, addressing mid to high tier enterprise customers and services providers, through a channel focused go-to-market model.

About Corero plc Corero is focused on building a network security solutions business through acquisition to deliver solutions and related services to mid-market and enterprise customers through international channels. In addition, Corero's business systems division serves the business and education sector in the UK by delivering powerful, dynamic modular accounting and business management software and services. www.corero.com

About Top Layer Security Top Layer is a leading global provider of Network Intrusion Prevention Systems (IPS) and Distributed Denial of Service (DDoS) Attack protection products that enable enterprise organizations to protect their critical on-line assets against risks associated with cyber threats. Top Layer is headquartered in Massachusetts, USA with sales and services support worldwide. www.TopLayer.com--

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