Telco bags cyber security contract
Telco Systems has been awarded a contract to become the sole supplier of a cyber-security solution for a government defence ministry, the company announced on 7 July. The customer has not been disclosed.
The contract value is estimated at approximately $20 million over five years, with the initiation contract value $3.7 million. The company expects orders to accumulate and increase to over $10 million by 2017.
Telco Systems received the contract after a two-year proof-of-concept programme. The selected solution is based on the company's 10G networking platforms and proprietary software from Celare. It will be deployed in the fourth quarter of 2015 and the first quarter of 2016, in two stages. It will be expanded after the deployment is completed.
Celare's software will be used for network monitoring to detect, investigate and analyse advanced persistent threats and network threats.
Ariel Efrati, CEO, Telco Systems, 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.'
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