Sandvine's Board approves plan for stock buyback program

WATERLOO, ON, Jan. 12, 2012 /CNW/ - Sandvine Corporation (TSX:SVC) (AIM:SAND) ("Sandvine") today announced that its Board of Directors has approved the adoption of an open market stock buyback program for the purchase of up to approximately 12 million common shares ("Shares") over a one-year period, expected to commence in January, through a normal course issuer bid over the Toronto Stock Exchange (the "TSX"). The program is subject to obtaining requisite regulatory approvals.

"We are confident in Sandvine's opportunity and believe that the shares repurchased will enhance shareholder value in the long-term," said Dave Caputo, Sandvine's President and CEO.

The actual number of Shares purchased, the timing of purchases and the price at which the Shares are bought will depend upon future market conditions, and upon potential alternative uses for Sandvine's cash resources. Any purchases will be made by Sandvine at the prevailing market price of the Shares at the time of purchase. As at January 11, 2012, Sandvine had 138,121,457 Shares issued and outstanding.

ABOUT SANDVINE
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 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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute forward-looking information within the meaning of securities laws.

Forward-looking information may relate to our future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.

These statements are based on certain factors and assumptions including expected growth, results of operations, performance and business prospects and opportunities. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

Forward looking-information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what we currently expect. These factors include changes in market and competition, governmental or regulatory developments and general economic conditions.

For further information:

MEDIA CONTACT
Sacha DeGroot
Sandvine
+1 519 880 2232
sdegroot@sandvine.com


Twitter
Facebook
Better Broadband Blog
Youtube
LinkedIn
INVESTOR RELATIONS CONTACT
Rick Wadsworth
Sandvine
+1 519 880 2400 ext. 3503
rwadsworth@sandvine.com
AIM NOMAD
Andrew Chubb/Simon Bridges
Canaccord Genuity
Limited
+44 0207 050 6500