Press release from CNW Group
Sandvine receives approximately $10 million in expansion orders from Tier 1 North American operator
Wednesday, January 08, 2014
Sandvine receives approximately $10 million in expansion orders from Tier 1 North American operator07:00 EST Wednesday, January 08, 2014
WATERLOO, ON, Jan. 8, 2014 /CNW/ - Sandvine, (TSX:SVC) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced it has received follow-on orders for approximately $10 million from a Tier 1 operator in North America. The orders were received in Sandvine's first quarter of 2014.
To support an expanded set of policy use cases to be deployed in the network, the operator has ordered additional software from Sandvine's Service Creation portfolio, the Service Delivery Engine (SDE), and Sandvine's Policy Traffic Switch (PTS) platform. Sandvine's Service Creation portfolio helps operators increase revenue and customer satisfaction by offering subscribers innovative new service tiers.
"Sandvine's solutions support a wide variety of innovative service plans worldwide. The accuracy of our traffic identification capabilities allows operators to establish application-based plans, like gaming or social networking, and monitor usage against them precisely, in real-time. Subscribers get the best possible service for their favorite applications, without bill shock, and operators attract new subscribers and avoid revenue leakage," said Tom Donnelly, COO, Sales and Global Services.
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, the potential revenue opportunity with any particular customer or in any market segment, the benefits 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.
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