Hod Hasharon, Israel, March 09, 2023 (GLOBE NEWSWIRE) -- 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, today announced that Taiwan’s Far EasTone Guardian Network, based on Allot NetworkSecure, has reached nearly 200,000 subscribers in only three months since the service was launched. The announcement follows the revelation of this milestone by Far EasTone in Chinese at Mobile World Congress in Barcelona.
NetworkSecure is a network-based cybersecurity service platform, offering zero-touch, clientless operation, requiring no application installation by the end customer. With NetworkSecure, Far EasTon offers its customers protection from cybersecurity threats, including malware, viruses, phishing and ransomware. An easy-to-use Chinese interface provides branded alerts and reporting that help strengthen brand loyalty.
In December 2022, Far EasTone in cooperation with Allot, jointly launched Far EasTone Guardian Network, which Far EasTone refers to as ‘a blockbuster service’. In only three months the number of subscribers to the Far EasTone service reached nearly 200,000. During that time, the solution detected and blocked 2.7 billion cybersecurity threats affecting 30% of subscribers.
“We congratulate our partner, Far EastTone, for their impressive achievement. Top management commitment to protect their customers led to this very successful launch and we are proud to be part of this effort. This achievement clearly shows the benefit of a zero-touch, easy-to-use service based on Allot NetworkSecure which enables drawing large numbers of consumers who seek protection on their devices in a very short time,” said Assaf Eyal, SVP Global Sales for Allot.
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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.
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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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