leadf
logo-loader
viewAllot Ltd

Allot's cybersecurity platform picked by Portuguese broadband operator MEO to protect its users

MEO, the largest fixed broadband and mobile service provider in Portugal, opted for the Allot Secure solution

People sitting at computers, possibly coding
Subscribers to the Allot NetworkSecure platform will pay a fee that gets split between Altice MEO and Allot

Allot Ltd (NASDAQ:ALLT), a provider of network intelligence and security-as-a-service solutions, announced Tuesday that MEO, the telecommunications arm of Altice Portugal, has chosen to adopt its Allot Secure platform. 

MEO, the largest fixed broadband and mobile service provider in Portugal, opted for the Allot Secure Solution, which pairs NetworkSecure mass-market network security with EndpointSecure remote protection.  

The combined solution is designed to protect MEO users at any time on any network. It shields users from threats such as malware, phishing, ransomware and crypto-mining, all without requiring users to install anything themselves.

READ: Allot strikes tie-up with leading European mobile group

“Altice MEO required a mature, unified solution that combined network and endpoint cybersecurity for their customers,” Allot VP of Strategic Accounts and Cyber Security Hagay Katz said. “Our unified Allot Secure solution is a perfect fit. With our revenue sharing partnership, MEO can maximize their [average revenue per user] while strengthening their brand and increasing loyalty.”

Subscribers to the Allot NetworkSecure platform will pay a fee that gets split between Altice MEO and Allot. 

“Our millions of mobile users are in need of a proven and hassle-free security solution,” Altice Portugal/MEO Director of Consumer Products Tiago Silva Lopes said. “With this in mind, we selected Allot to offer a mobile service that cannot be bypassed and removes the burden from our customers by protecting them wherever they are. This solution also enables parents to be worry-free about how their children are using their devices.”

Allot, based in Israel, provides multi-service cybersecurity platforms that are deployed by more than 500 mobile, fixed and cloud service providers and over 1,000 enterprises. The company said its Security-as-a-Service solution has reached 50% penetration with some service providers and is used by more than 23 million subscribers in Europe.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com 

Follow him on Twitter @andrew_kessel

Quick facts: Allot Ltd

Price: 9.79 USD

NASDAQ:ALLT
Market: NASDAQ
Market Cap: $344.73 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

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