Sandvine Purchases Outstanding Warrant For Cancellation
Waterloo, Canada; January 20, 2012 – Sandvine, (TSX:SVC; AIM:SAND) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today announced that it has purchased and cancelled the outstanding share purchase warrant (the “Warrant”) issued to the Minister of Industry of the Government of Canada. The Warrant carried the right to purchase up to 619,280 common shares of Sandvine.
The Warrant was purchased by Sandvine for total consideration of CAD$100,000.
Sandvine’s network policy control solutions focus on protecting and improving the quality of experience on the Internet.
Our award-winning network equipment and software helps DSL, FTTx, cable, 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 well over 200 service provider customers in more than 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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