Sandvine secures $2-million follow on order in Africa
Prepaid billing a top use case for mobile operators in Middle East and Africa
WATERLOO, ON, Oct. 16, 2012 /CNW/ - Sandvine, (TSX: SVC) (AIM: SAND) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received a $2-million follow-on order in Network Policy Control products from a 3G mobile operator in Africa. This customer purchased Sandvine's Policy Traffic Switch, Network Analytics, Usage Management and Fairshare Traffic Management products. This operator is a subsidiary of a multinational telecommunications organization and has been a Sandvine customer since 2009.
Sandvine's Internet Phenomena indicates that African smartphone penetration has grown to 20 percent across the continent and Facebook and YouTube account for more than 10 percent of mobile data usage. Mobile operators are facing a growing challenge to provide a consistent experience and roll out services fast enough to satisfy the appetite of their new data subscribers. Sandvine's Usage Management 4.2 product enables new services for both pre-paid and post-paid data, and is built to plug-and-play with 3GPP standards, providing reduced lag between capital spend and service revenue.
"While service creation is a valuable tool for emerging mobile markets, we also offer the broadest suite of Network Policy Control applications" said Tom Donnelly, COO, Sandvine. "We help operators strike a balance between adding capacity and making their networks more efficient to provide a consistent quality of experience for their customers. We also offer reliable and accurate business intelligence to support C-level decisions for future network buildouts and new service planning."
Sandvine's Network Policy Control solutions have been deployed in over 200 fixed and mobile communication service provider networks worldwide.
For more information visit Sandvine at AfricaCom, Capetown, South Africa, Nov. 13 - 15, 2012.
Sandvine's network policy control solutions focus on protecting and improving the quality of experience on the Internet. Our award-winning network policy control equipment and software helps fixed and 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 over 200 service provider customers in over 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.
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 benefit's 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.
SOURCE: Sandvine IncorporatedFor further information:
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