Sandvine Receives Over $7 Million In Expansion Orders From Tier 1 Operators
Waterloo, ON; July 3, 2013 – Sandvine, (TSX:SVC) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received over $7 million in expansion orders from three Tier 1 operators, all in the month of June. The orders comprise:
- Over $4.5 million in orders from a North American converged operator that Sandvine initially won as a customer in November 2012
- Over $2.5 million in follow-on orders from two European mobile properties that belong to a major multinational operator group
The expansion orders for the North America operator largely relate to additional Policy Traffic Switch (PTS) elements to support the operators’ ongoing and planned implementations on both fixed and mobile LTE networks to enable:
- Actionable business intelligence on network traffic, including the industry’s only solution to provide accurate video quality ratings
- Service creation and implementation of innovative new billing plans across access infrastructures
- Congestion management to ensure an optimal user experience at any time
- Identification and application of policy on IPv6 traffic
“We are pleased to see these important customers proceeding with their implementations,” said Tom Donnelly, COO, Sales and Global Services. “Sandvine is the only best-of-breed network policy control vendor to have developed a standards-based, end-to-end solution to seamlessly integrate traffic inspection with policy decision (PCRF) and policy enforcement (PCEF). Our customers reap the significant advantages of this architecture, including rapid implementation, reduced signaling traffic, scalability and the flexibility to support multiple policy use cases simultaneously.”
Sandvine’s network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks to enable services that can increase revenue and reduce network costs. Powered by Sandvine’s Policy Engine and SandScript policy language, Sandvine’s networking equipment performs end-to-end policy control functions including traffic classification, and policy decision and enforcement across the data, control and business planes. Sandvine’s products provide actionable business insight, the ability to deploy new subscriber services and tools to optimize traffic while enhancing subscriber Internet quality of experience.
Sandvine’s network policy control solutions are deployed in more than 200 networks in over 85 countries, serving hundreds of millions of data subscribers worldwide, 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 and the potential revenue opportunity with any particular customer or in any market segment are forward looking statements. In addition this release may also reference certain orders that have not yet resulted in revenues for Sandvine and there is no assurance that such orders will result in revenue or the timing upon which such may occur. There may be conditions or other circumstances that may impact if and when such orders actually translate to revenue. 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.