HOD HASHARON, Israel, November 15, 2022 — Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers and enterprises, announced today that Verizon has selected Allot NetworkSecure to provide network based cybersecurity protection to segments of the company’s wireless and fixed wireless Small and Medium Business (SMB) and IoT customers to defend them against a broad range of cyber threats. Allot will be paid a monthly fee based on the number of customers receiving the service.
Allot NetworkSecure is a network-based cybersecurity service platform that offers zero-touch, clientless operation, requiring no application installation. With NetworkSecure, Verizon can offer its subscribers protection from the latest cybersecurity threats, including different types of malware such as ransomware, trojans, adware, viruses, and bots as well as phishing attacks. The NetworkSecure solution also offers SMB subscribers content filtering which can be configured to define what content types should be restricted for employees.
“We are proud to have been selected by Verizon to provide a network-based cybersecurity solution for their SMB customers. Allot NetworkSecure enables a zero touch approach that simplifies cybersecurity protection,” said Moshe Moran, Vice President of Sales, North America for Allot. “This is a testimony to the strength of the Allot cybersecurity solution.”
“With the addition of Allot, we’re bringing an embedded security solution to the wireless market, which will include Fixed Wireless Access and Internet of Things (IoT) connections,” said Steve Szabo, VP, Business Products, Verizon. “This offering paves the way for a network-based security portfolio that will simplify the customer experience and help provide peace of mind in today’s ever evolving cybersecurity landscape.”
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Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-based security as a service solution is already used by over 20 million subscribers globally.
Allot. See. Control. Secure.
This release contains forward-looking statements, which express the current beliefs and expectations of company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly 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 relating to: acceptance of our products by our reseller and customer in EMEA, our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors, government regulation; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on third-party channel partners for a material 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. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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Ehud Helft / Kenny Green