LONDON (ShareCast) - Corero Network Security, a network security company and provider of security protection, has seen a 40 per cent year-on-year increase in its sales order intake for the three months to March 31st.

In the three-month period, Corero secured seven orders exceeding $100,000 from both new and existing customers, as compared to three in the same period in 2013.

These included "significant orders from a leading analytics and information provider" to the property and financial services markets, a US airports operator, a European bank, and a US entertainment company.

Additional upgrades and support service contract renewals in the quarter from existing customers included a leading on-line gaming company, an international industrial group, a US based health services company, an investment services company, and a leading international energy group.

Corero's share price climbed 1.49% in morning trade following the announcement.

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