Telco Systems sole supplier for cyber-security solution to defense ministry
Initially worth $3.7 million, Telco Systems expects accumulated orders to increase to over $10 million by 2017, with a total value estimated by the customer of approximately $20 million over the next five years.
Telco Systems was awarded the long-term contract following a rigorous proof-of-concept (POC) program conducted over a two-year period in which its solution was deemed the best-of-breed among its competitors.
The cyber-security solution, based on the company's premium 10G networking platforms and Celare's proprietary software, will be deployed in two stages in Q4 2015 and Q1 2016. Deployment is expected to be completed in 2016 with expansion to follow.
Telco Systems utilizes Celare's software which enables comprehensive network monitoring for detecting, investigating and analyzing network threats and advanced persistent threats (APTs).
Several of these solutions are currently undergoing POC programs with potential customers. Celare's technology detects unknown threats based on complex algorithms for identifying network anomalies.
Ariel Efrati, Telco Systems' CEO, said: “We are proud to be selected as the sole supplier for the delivery of a strategic cyber-security solution of this magnitude.” ■