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Waterloo, ON; November 6, 2012 –Sandvine, (TSX:SVC; AIM:SAND) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received Network Policy Control orders worth several million dollars for a new tier-1, converged service provider customer in North America. The orders represent a large initial rollout, with forecasted plans for expansion. Sandvine will be fulfilling the sale through a major network equipment vendor, with which it recently signed a reseller agreement.
Fixed line operators were the first to adopt Network Policy Control solutions, but today over a third of Sandvine’s market-leading customer base offers wireless access to the Internet. The Company’s hardware platforms and software modules can be leveraged by converged, fixed-mobile operators who want to apply consistent policies to users’ traffic, regardless of how they access the network.
“For service providers that want to leverage investments in Network Policy Control across multiple use cases, Sandvine is the natural choice,” said Tom Donnelly, COO, Sales and Global Services. “Sandvine’s Policy Traffic Switch is optimized for deployments at the network access edge to enhance subscribers’ quality of experience, enable innovative service offerings and leverage network and business intelligence for a wide range of Network Policy Control use cases. This design and the breadth of use cases separate Sandvine from others in our market that focus largely on traffic management.”
After an extensive competitive process, the tier 1 converged operator selected Sandvine to replace an incumbent solution and enable:
The operator purchased the Company’s high throughput, high density PTS 24000 and Service Delivery Engine to support all of these use cases.
Sandvine’s network policy control solutions focus on protecting and improving the quality of experience on the Internet. Our award-winning network policy control equipment and software helps fixed, wireless and mobile operators better understand network traffic, manage network congestion, create new services and revenues, mitigate traffic that is malicious or undesirable to subscribers, deliver QoS-prioritized multimedia services and increase subscriber satisfaction. With over 200 service provider customers in over 85 countries, serving hundreds of millions of broadband and mobile data subscribers, Sandvine is enhancing the Internet experience worldwide. For more information, please visit: www.sandvine.com.
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Certain statements in this release which are not historical facts constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements") and are made pursuant to the “safe harbour” provisions of such laws. Statements related to the scope of deployment of Sandvine’s products by a specific customer, the potential revenue opportunity with any particular customer or in any market segment, the benefit’s of Sandvine’s products and services to be realized by customers, Sandvine’s market position, future opportunities, product development plans and demand for Sandvine’s products and services are forward looking statements, as are any statements relating to future events, conditions or circumstances. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements involve both known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Sandvine to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation, changes in internal deployment strategies or plans by specific customers; the growth of broadband internet usage and levels of capital spending on broadband network management systems; the timing of orders and manufacturing lead times; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; increased competition in the broadband network equipment industry; dependence on the timely development and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks including dependence on key suppliers and key technologies; dependence upon indirect channel sales and resellers; factors such as business and economic conditions and growth trends in the broadband network equipment industry and in various geographic regions; global economic conditions and uncertainties in the geopolitical environment including the impact of regulation related to the internet and the delivery of internet services. Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions, and Sandvine does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.