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Allot inks a significant pact to provide AllotSmart to an existing customer in the EMEA region

The company expects to receive a portion of the amount as an advance payment, with the revenue expected to be recognized over several years

Allot Ltd - Allot inks a significant pact to provide AllotSmart to an existing customer in the EMEA region
Allot management maintains its current 2019 expectations of revenue between $106-$110M

Allot Ltd (NASDAQ:ALLT) (TASE:ALLT) announced Monday that it has inked a “significant” pact to provide AllotSmart products to an existing customer located in the Europe, Middle East and Africa (EMEA) region for tens of millions of dollars.

In a statement, the security and smart network intelligence solutions company, said the sale is being accomplished through a system integrator.

Allot expects to receive a portion of the amount as an advance payment, with the revenue expected to be recognized over several years, subject to customary delivery and acceptance terms. Margins of the deal are similar to Allot’s average margins.

Allot management maintains its current 2019 expectations of revenue between $106 million and $110 million, said the company.

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 are used by over 500 mobile, fixed and cloud service providers and more than 1,000 enterprises.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Quick facts: Allot Ltd

Price: 8.76 USD

NASDAQ:ALLT
Market: NASDAQ
Market Cap: $303.98 m
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