Hod Hasharon, Israel, January 10, 2022 (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 and businesses worldwide, has announced today that Entel, Peru’s innovative communications service provider, has launched the Allot NetworkSecure cybersecurity solution to protect the company’s mobile users from a wide range of cyber threats and to provide parental controls.
The solution that Entel implemented includes Allot NetworkSecure, the world’s leading platform for network-based mass market cybersecurity. By using NetworkSecure, Entel offers its customers a security service to protect them against emerging cybersecurity threats, including viruses, malware, phishing attacks, ransomware, cryptojacking, and malicious sites. NetworkSecure also provides advanced content filtering capabilities that enable parental controls.
With the network-based NetworkSecure solution, subscribers do not need to download, install or update any software. While traditional consumer security services require end-user installation, the next-generation Allot NetworkSecure solution provides a contactless mainstream user integration path, which has led to double-digit penetration rates. with the other telecom customers of Allot. Subscribers to Allot’s cybersecurity solution will pay a monthly fee that Entel will share with Allot, and translate into recurring revenue for Allot, depending on the success of the service.
“Almost half of Peru’s mobile users have suffered a cyberattack, which is why Entel wants to provide its customers with an easy-to-use cybersecurity solution,” said Alonso Lazo, Entel Marketing Director. “With this in mind, we selected Allot to offer an essential mobile security solution that lightens the burden on our customers. In addition to cybersecurity, we will also be able to give parents peace of mind knowing that their children are protected from harmful content on their devices.
Allot NetworkSecure also provides ongoing brand notifications to subscribers about the protection and value they get from the service provider, opening up a new digital channel to better engage with customers.
“We are pleased that Entel is joining the growing list of mobile operators who recognize our leadership in security as a service based on consumer networks. Our revenue sharing model represents a strong business relationship with Entel Peru and our mutual commitment to success, ”said Amir Oren, vice president of EMEA and LATAM sales at Allot. “Beyond Allot’s reputation for NetworkSecure serving over twenty million subscribers, Entel understands Allot to be a trusted long-term security partner. We will leverage our accumulated global market experience to help Entel maximize its ARPU and strengthen its brand while meeting an important and timely need of its customers. “
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Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of innovative network security and intelligence 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-based 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.
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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 the heading “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.
Seth Greenberg Allot +972 549222294 [email protected] Ehud Helft / Kenny Green Allot Investor Relations +1 212 378-8040
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