Press release from CNW Group
Sandvine receives over $5 million expansion order from Tier 1 North American operator
Tuesday, December 03, 2013
Sandvine receives over $5 million expansion order from Tier 1 North American operator07:00 EST Tuesday, December 03, 2013
Company wins 25 new customers
WATERLOO, ON, Dec. 3, 2013 /CNW/ - Sandvine, (TSX:SVC) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received a follow-on order of over $5 million from a Tier 1 North American fixed line operator that first became a customer in 2007.
Additionally, Sandvine announced that it won a record 25 new communications service provider (CSP) customers during its fourth quarter of 2013, including eight from the recently announced Latin American Tier 1 operator group.
The $5 million follow-on order represents an expansion of the operator's deployment of Sandvine's Policy Traffic Switch (PTS) and Service Delivery Engine (SDE) to support business intelligence and traffic optimization use cases. The order was received in Sandvine's fourth quarter of 2013.
"Our latest Global Internet Phenomena Report revealed that streaming audio and video now accounts for over two-thirds of fixed network traffic during peak period." said Tom Donnelly, COO, Sales and Global Services, Sandvine. "This customer has chosen to expand its deployment of Sandvine's Network Policy Control platform so that they can gain additional insight into the use of streaming applications, and measure their subscribers' quality of experience when streaming audio and video."
Sandvine's market-leading business intelligence products help operators to understand current and future trends in consumer experience and resource utilization so that operators can proactively decide where to allocate resources and incremental network investment. Sandvine's traffic optimization products use network data to apply business rules that protect subscribers' quality of experience under all network conditions.
The 25 new customers that Sandvine won during its fourth quarter span 22 countries, and offer their services over mobile, DSL, cable, fixed wireless and fibre network access infrastructures.
"Sandvine's customer base has grown to become well diversified, both geographically and in terms of the types of access networks we serve," said Donnelly. "Sandvine leverages the same hardware platform and software solutions across networks so that converged, fixed-mobile operators can offer unified services and network policies for all of their subscribers."
Sandvine's success with both existing and new customers globally has led industry analyst Infonetics to identify the company as the leader in its field.
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 250 networks in over 90 countries, serving hundreds of millions of data subscribers worldwide, www.sandvine.com.
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.
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