Corero said the acquisition of Top Layer marked the first step in the company's strategy to build a network security technology business focussed on delivering software and hardware solutions to mid-market commercial and enterprise customers and telecommunication service providers, through international channels.
Chief operating officer Andrew Miller said: "The first six months of 2011 have been transformational for Corero with the acquisition of Top Layer and successful integration of that business coupled with the continuing growth of Corero Business Systems.
"The significant increase in the number and sophistication of cyber crime attacks validates Corero's view of the network security opportunity.
"We believe the Top Layer acquisition provides an excellent platform to build Corero's business and the progress made in the period since the acquisition closed on 2 March 2011 is very encouraging.
"We have confidence for the remainder of the year in executing our strategic goals, an increasing pipeline of opportunities and expect to see the benefit of our increased investment in marketing and sales in the second half of 2011."
At 8:29am: [LON:CNS] share price was +5p at 44.5p
Story provided by StockMarketWire.com