Broadband provider to provide cybersecurity and content control services to SMBs and home offices. The supplier and Allot will share the recurring revenue from the security services.
Hod Hasharon, Israel, Oct 07, 2021 (GLOBE NEWSWIRE) – Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a leading global provider of innovative Network Intelligence and Security as a Service (SECaaS) solutions for communications service providers (CSPs) and enterprises, announced today hui that a Mexican broadband service provider chose Allot BusinessSecure to provide a contactless solution to protect small to medium business (SMB) and small office / home office (SOHO) customers with fixed broadband ‘business. against a wide range of cyber threats and to provide content controls.
Once subscribed, SMB and VSE customers will be protected against emerging cybersecurity threats, including viruses, malware, ransomware, phishing, and other types of cyber attacks, without the need to download anything on their devices. The Allot BusinessSecure solution will also allow creating content control policies that can be configured centrally by device and by device group to filter websites by category and limit access by time of day. SMB and SOHO subscribers to cybersecurity services will pay a monthly fee which will generate recurring revenue to be shared between the provider and Allot.
Allot BusinessSecure provides security for devices connected to the corporate network, including IoT and smart devices. It integrates with the existing corporate router with the addition of a thin software client that provides network visibility, cybersecurity and content controls without the need for any installation on end customer devices. Allot BusinessSecure identifies the devices connected to the router, detects and acts on the behavior of the devices. The solution also protects the router itself against security vulnerabilities, using password strength enforcement, port scanning and protection, and unauthorized access controls.
“Like residential customers, SMBs and SOHOs can now rely on their CSPs to protect them from cyber threats such as malware, ransomware and phishing attacks. That’s why we offer solutions like BusinessSecure to CSPs, ”said Amir Oren, vice president of sales for EMEA and LATAM at Allot. “Benefiting from easy mass market integration, increased customer satisfaction, additional revenue and a brand new customer engagement channel, a growing number of CSPs are turning to Allot for cybersecurity solutions that their customers demand. “
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Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of innovative network intelligence and security solutions to service providers and businesses worldwide, thereby improving value for their customers. Our solutions are deployed globally for network and application analysis, traffic control and shaping, network security services, and more. Allot’s multiservice platforms are deployed by more than 500 mobile, fixed and cloud service providers and more than 1,000 companies. Our industry-leading network-based security-as-a-service solution has achieved over 50% penetration with select service providers and is already used by more than 20 million subscribers worldwide. Attribute. See. Control. Secured.
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This press release contains forward-looking statements, which express the beliefs and current expectations of the management of the company. Such statements involve a number of known and unknown risks and uncertainties which could cause our future results, performance or achievements to differ materially from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks related to: acceptance of our products by our reseller and customer in the EMEA region, our ability to compete successfully with other companies offering competing technologies; the loss of one or more important customers; consolidation and strategic alliances of our competitors, government regulation; declining demand for key value-added services; our ability to keep pace with technological advancements and add new features and value-added services; manage long sales cycles; operational risks associated with major projects; our dependence on third party distribution partners for a significant portion of our revenues; and other factors discussed under “Risk Factors” in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the Company makes no representations whatsoever. update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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