logo-loader
viewAllot Ltd

Allot Communications teams up with McAfee and Telefónica to secure networks for smaller businesses

By combining Allot’s Network Secure with McAfee Multi Access, users will be better protected from network threats

Small business owner using a computer
The cybersecurity coverage will include device security, extending to mobile and personal computers

Network security company Allot Communications Ltd (NASDAQ:ALLT) is teaming up with notable names in cybersecurity and telecommunications to bring coverage to small and medium businesses.

The Israel-based company will join forces with computer-security giant McAfee Inc and Spanish telecom giant Telefónica SA (NYSE:TEF) to help protect the fixed and mobile networks of smaller-scale businesses. The coverage will include device security, extending to mobile and personal computers.

READ: Allot Communications tops second-quarter estimates as it increases focus on network security

"There is a current need in the market to offer an advanced protection service for the fixed and mobile network of companies,” said Jose Luis Gilperez, executive director public administrations, defense and security at Telefónica.

McAfee, a name synonymous with cybersecurity, is a device-to-cloud security company that serves both consumers and businesses. Telefónica is one of the world’s largest broadband and telecommunications providers, serving more than 343 million customers in Europe and Latin America.

Allot and McAfee will combine their security products, Allot’s Network Secure and McAfee Multi Access, to protect users from network threats.

"The Allot and McAfee solution delivers protection everywhere someone connects. Telefonica can potentially achieve very high service penetration ratios for this premium security service. This value-added service provides antivirus and content filtering services on the network and the endpoint device in a unified manner," said Hagay Katz, vice president cybersecurity at Allot, in a press release.

Shares of Allot were up 5% to US$6.07 at market close Wednesday.

Quick facts: Allot Ltd

Price: 10.55 USD

NASDAQ:ALLT
Market: NASDAQ
Market Cap: $366.09 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Allot Ltd named herein, including the promotion by the Company of Allot Ltd in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Allot collaborates with an Austria-based telecoms company to...

Allot Ltd (NASDAQ:ALLT) (TASE:ALLT) CFO Alberto Sessa tells Proactive that Austria-based mobile telecommunication company Hutchison Drei Austria has launched a security-as-a-service powered by Allot's NetworkSecure solution to protect its mobile phone and home users against cyber...

on 09/06/2019

2 min read