Press release from CNW Group
Sandvine Receives $5 Million Expansion Order from Cable Operator
Monday, February 03, 2014
Sandvine Receives $5 Million Expansion Order from Cable Operator07:00 EST Monday, February 03, 2014
WATERLOO, ON, Feb. 3, 2014 /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 in excess of $5 million from a leading North American cable operator that has been a Sandvine customer since 2003. The order represents ongoing expansion of the operator's deployment of Business Intelligence and Traffic Optimization solutions. Sandvine expects to recognize most of the associated revenue in the first half of fiscal 2014.
Sandvine has been selling network policy control solutions to the cable market since 2003. While the company's markets have expanded significantly to include communications service providers that offer Internet access through wireless and DSL technologies, Sandvine has consistently maintained its market share lead in cable. Today, Sandvine's solutions are trusted by 7 of the top 10 cable MSOs in North America (including the largest cable operator in the world), representing 74% of the region's cable subscribers.
"Recently, our Network Analytics product has been a key component in enhancing the North American cable market's understanding of the challenges and opportunities presented by popular video applications like Netflix and Hulu. With over 10 years of intimate cable market knowledge we remain committed to continuing this unmatched history of innovation," said Tom Donnelly, Sandvine's COO, Sales and Global Services.
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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