Allot Ltd. partners with O2 Czech Republic to enhance cybersecurity services for consumers through the Allot DNS Secure solution.
Quiver AI Summary
Allot Ltd. has announced the launch of its DNS Secure service by O2 Czech Republic, aimed at enhancing cybersecurity protection for mobile and fixed broadband users. This initiative follows a recent agreement between Allot and O2 Czech Republic, as well as a larger agreement with PPF Group, the parent company of O2 Czech Republic, to provide cybersecurity solutions across its telecom subsidiaries. The DNS Secure service offers protection against various cyber threats, including viruses and phishing attacks, and includes parental controls for content management. O2 Czech Republic's CTO emphasized the positive feedback from PPF Group and the value of Allot's solutions in improving consumer security, while Allot's VP of Sales highlighted the growing adoption of their services within the PPF Group.
Potential Positives
- Allot Ltd. has secured a partnership with O2 Czech Republic, expanding its client base within the telecom sector and enhancing its market presence.
- The launch of Allot DNS Secure positions Allot as a provider of crucial cybersecurity solutions, catering to the increasing demand for security against cyber threats in both mobile and fixed broadband markets.
- This agreement with O2 Czech Republic is expected to provide Allot with a recurring revenue stream through monthly fees for its cybersecurity services.
- The positive feedback from PPF Group highlights Allot's reputation and the perceived value of its services, potentially leading to further collaborations within the PPF Group's telecom subsidiaries.
Potential Negatives
- The mention of potential risks in the forward-looking statements could raise concerns among investors regarding the company's future performance and stability.
- The reliance on recurring monthly fees from O2 Czech Republic for cybersecurity services may indicate vulnerability if O2 or the PPF Group decide to discontinue or alter their engagement with Allot.
- Allot's need to compete with other companies offering similar technologies highlights a risk of potential market share loss, which could impact revenue and growth prospects.
FAQ
What is Allot DNS Secure?
Allot DNS Secure is a cybersecurity service launched by O2 Czech Republic to protect mobile and fixed broadband customers from cyber threats.
Who launched Allot DNS Secure?
Allot DNS Secure was launched by O2 Czech Republic, a subsidiary of the PPF Group.
What types of cyber threats does Allot DNS Secure protect against?
The service protects against viruses, ransomware, trojans, phishing attacks, and provides parental controls.
What partnership led to the launch of Allot DNS Secure?
The launch was part of an agreement between Allot and O2 Czech Republic, supported by PPF Group.
How will Allot benefit from the O2 Czech Republic agreement?
Allot will receive a recurring monthly fee for the cybersecurity protection services provided to O2 Czech Republic.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
Hod Hasharon, Israel, Jan. 09, 2025 (GLOBE NEWSWIRE) --
Allot Ltd
. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and converged network-native security solutions for communication service providers and enterprises, today announced that O2 Czech Republic, a subsidiary of the PPF Group, has launched Allot DNS Secure, enabling them to continue offering and enhance cybersecurity protection services to both their mobile and fixed broadband consumer customers.
This service launch is the result of an agreement between Allot and O2 Czech Republic signed earlier this year, and of an umbrella agreement signed with O2 Czech Republic parent company PPF Group to supply cybersecurity solutions to the group’s telecom provider subsidiaries. Allot will benefit from a recurring monthly fee for cybersecurity protection services provided to O2 Czech Republic
"Our decision to partner with Allot for consumer security services was driven by the positive feedback we received from our colleagues at PPF Group, as well as by the impressive value offered by Allot," commented Jan Hruška, O2 Czech Republic Chief Technology Officer. "We are confident that the Allot solution will significantly enhance O2 Czech Republic's ability to safeguard our consumer customers from cyber threats."
"With O2 Czech Republic becoming the fifth operator within the PPF Group to embrace our security services, the Allot team is thrilled to see the growing adoption of DNS Secure. Our solution provides scalable, telco-grade, network-native services tailored for the mass consumer market, making it an ideal choice for operators seeking a reliable and straightforward approach to customer security," said Amir Oren, Vice President of Sales, EMEA at Allot.
The Allot DNS Secure solution provides protection against a range of cyber threats including, viruses, ransomware, trojans and phishing attacks. The agreement also includes parental controls to give parents peace of mind when deciding which content is inappropriate for their children’s consumption.
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Additional Resources:
Allot Blog:
https://www.allot.com/blog
Telco CyberTalk Podcast:
https://www.allot.com/resources/podcasts
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@allot_ltd
Follow us on LinkedIn:
https://www.linkedin.com/company/allot-communications
About Allot
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading innovative network intelligence and converged security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-native security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-native security-as-a-service solution is already used by many millions of subscribers globally.
Allot. See. Control. Secure.
Forward-Looking Statement
This release contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied in such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our accounts receivables, including our ability to collect outstanding accounts and assess their collectability on a quarterly basis; our ability to meet expectations with respect to our financial guidance and outlook; our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors; government regulation; the timing of completion of key project milestones which impact the timing of our revenue recognition; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on fourth party channel partners for a material portion of our revenues; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
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