Sandvine Celebrates Ten Years
Company has grown from forty to over 400 team members
Waterloo, ON; August 31, 2011 –Sandvine, (TSX:SVC; AIM:SAND) a leading provider of intelligent broadband network solutions, today announced their tenth anniversary. The company was founded on August 31, 2001, amidst the uncertain times of the dot com bust and the 9/11 event, but on a strong footing with 40 employees and $19.5 million in seed financing. In addition, co-founders Dave Caputo, Marc Morin, Brad Siim, Tom Donnelly and Don Bowman brought with them seasoned entrepreneurial expertise, having previously founded PixStream, which sold to Cisco in 2000 for over half a billion dollars (CAD).
Sandvine completed an initial public offering on the London AIM exchange under the ticker 'SAND' in March of 2006, shortly followed by an offering on the Toronto Stock Exchange under the ticker 'SVC' in October. In 2007, CableMatrix was acquired by the company, which strengthened Sandvine’s position in the policy control market. In the same year, Sandvine also purchased Simplicita to enable reputation-based subscriber protection policies.
Sandvine first found its roots with cable and DSL Internet providers and sold traffic management solutions using its award-winning Policy Traffic Switch (PTS) platform. Since then Sandvine’s products have evolved to meet the breadth of service providers’ emerging needs, and to address use cases in both fixed and mobile networks, with a suite of solutions that combine together under the umbrella market space of Network Policy Control. Within the past year, Sandvine has been named a market leader by three independent analyst firms: Heavy Reading, Infonetics Research and Frost & Sullivan.
Currently, Sandvine has a global presence with over 200 customers in over 85 countries, with sales centers and personnel in each major geographic region. Sandvine customers include: Comcast, NTT Communications, Telefónica, and O2. Sandvine revenues have grown to approximately US$90 million in 2010 and this achievement has garnered Sandvine a spot on the Deloitte Fast 50 list of fastest growing technology companies in Canada and the Deloitte Technology Fast 500 list of fastest growing technology companies in North America for several years running. In addition, Sandvine has been recognized by the Great Place to Work Institute Canada for the past five consecutive years.
Sandvine’s software products include:
Network Analytics, a sophisticated analysis tool that empowers confident business decisions through network-wide visibility and answers questions like: “What applications are most used on my network?” and “How many YouTube or Netflix movies are being watched on my network?” Armed with such analysis, service providers can leverage the Network Policy Control product suite to implement desired engineering, marketing and charging strategies. In fact, through its own analytics insight, Sandvine was the first company in 2002 to discover that peer-to-peer file sharing was the largest consumer of bandwidth on the consumer Internet, and that in 2010, Sandvine was the first company to identify that Netflix was consuming 20% of downstream traffic in North America, a value which has risen since to 30% as reported the last Sandvine Global Internet Phenomena Report.
Fairshare Traffic Management, a network optimization tool for any access network helps providers manage inherent competition for network resources, manage peak congestion, and meet the growing demand for bandwidth-intensive applications - all while preserving subscribers’ quality of experience on the Internet.
Usage Management, a service creation product that enables providers to better meet the unique needs of their subscribers with tier-based pricing plans, measures to protect against bill shock, and dynamic subscriber notification when nearing plan quota limits.
Network Integrity, a solution for protecting infrastructure investment from malicious network traffic, such as outbound e-mail spam, enabling compliance to access control regulations, and identifying potential problems before subscribers do, in order to minimize the impact to operations.
“It is truly an honour to be part of such an amazing journey these last ten years, and I’d personally like to thank all of our customers, investors, stakeholders and the Sandvine team for the continued growth over the years,” said Dave Caputo, CEO, Sandvine. “Sandvine customers have always been in the forefront of our minds and our close partnership with global service providers helps shape our understanding of their business requirements and technical needs.”
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 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 constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws and are made pursuant to the “safe harbor” provisions of such laws. Statements related to potential benefits of, and demand for, Sandvine’s products or services including statements with respect to the features and benefits that may be achieved through the use of Sandvine’s products or services and the relative position of these products vis-à-vis competitive offerings in the industry are forward-looking statements which are subject to certain assumptions, risks and uncertainties. These risks and uncertainties include such factors as rapid technological changes, changes in customer architecture and equipment deployment requirements, the introduction of competing technologies, the risks and uncertainties of new product introductions, dependence on key supplies and other similar factors 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. Readers are cautioned not to place undue reliance on such statements. Sandvine assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.