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Allot Ltd

Allot powers Hutchison Drei Austria’s network security solution to protect mobile customers from cyber attacks

Allot will boost the mobile service provider’s security by protecting fixed, and mobile customers against phishing, crypto-jacking, malware and ransomware

Allot - Allot powers Hutchison Drei Austria’s network security solution to protect mobile customers from cyber attacks
Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market with over 21 million paying security customers

Allot Ltd (NASDAQ:ALLT) (TASE:ALLT) saw its shares rise on Thursday after the security and smart network intelligence solutions company revealed that Hutchison Drei Austria has launched “lnternetschutz", a security-as-a-service powered by Allot's NetworkSecure solution to protect its mobile phone and home users against cyber threats.

In late morning trade on Nasdaq, Allot shares were 6.6% higher at $7.9195.

In a statement, the company said the deal between Drei and Allot is based on a recurring monthly fee derived from the actual number of subscribers using Allot’s cyber security solution.

Allot NetworkSecure is the world’s largest deployed network-based security service for the mass market with over 21 million paying security customers.

READ: Allot reports 2Q earnings and revenue beats as pipeline remains strong

Drei, enabled by Allot’s NetworkSecure, will offer its customers a service to protect themselves against malware, phishing, ransomware, and crypto mining without subscribers actually having to download, or install anything on their devices.

Rudolf Schrefl, the chief compliance officer at Hutchison Drei said: “With our mobile users being exposed to newer, more sophisticated threats every day, they are in need of a proven security solution.”

“We are, therefore, excited to offer a secure and trusted mobile service, while also enabling parents to be worry-free about how their children are using their devices in the near future,” he added.

Allot is a provider of network intelligence and security solutions for service providers worldwide. Its solutions are deployed for network and application analytics, traffic control and shaping, and network-based security services.

The company’s multi-service platforms is used by over 500 mobile, fixed and cloud service providers and more than 1000 enterprises.

 -- Adds share price --

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Quick facts: Allot Ltd

Price: $7.81

Market: NASDAQ
Market Cap: $268.29 m
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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...

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