Sandvine Receives $5 Million in Expansion Orders from Tier 1 Operators in EMEA
WATERLOO, ON, July 15, 2014 /CNW/ - Sandvine (TSX: SVC), a leading provider of intelligent broadband and network solutions for fixed and mobile operators, today announced that it has received more than $5 million of follow-on orders from two tier 1 service providers in its European Middle East and Africa sales region. Sandvine received the orders in its third quarter of 2014.
The $5 million in expansion orders represents growth to the operators' deployments of Traffic Management and Network Analytics.
One of the operators belongs to a Western European operator group that has more than 50 million broadband and mobile subscribers globally and was first announced as a customer in November 2012. Public reports have identified the group as one of the Top 20 telecommunications operator groups globally, by revenue. The current order will expand the operator's deployment of business intelligence and traffic management, to extend infrastructure lifetime and improve subscriber quality of experience. The current orders are for deployment in the fixed access network in the group's home country, where the operator has the largest market share.
The second operator offers Internet access in Africa to approximately one-million fixed line subscribers and has been a Sandvine customer since 2008. The operator continues to expand its deployment of Traffic Management, Usage Management and Network Analytics as network usage continues to grow. This investment will also support the future development and launch of innovative service plans to meet the needs of their growing subscriber base.
"Sandvine is dedicated to offering our operator customers business intelligence and policy solutions that scale to meet the demands of growing networks and that help them make strategic business decisions," said Tom Donnelly, COO, Sales and Global Services Sandvine. "We continue to invest in sales and marketing opportunities in the EMEA region and are pleased to see those investments turning into successes for our customers."
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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