Sandvine continues to deliver value to major customer for over 10 years
WATERLOO, ON, Nov. 20, 2015 /CNW/ - Sandvine, (TSX:SVC) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received an expansion order for more than $4 million. The order expands the implementation of Sandvine's solutions for a major fixed line Communications Service Provider in North America that has been a customer since 2005. The purchase relates to Sandvine's Policy Traffic Switch (PTS) 32000 hardware. Approximately $1 million of the order value is expected to be recognized as revenue in the company's fourth quarter, with the remainder to be recognized in FY 2016.
In its 2RU form factor, the PTS 32000 delivers PCEF/TDF functionality at the highest scale, with the best performance density and power efficiency of any 100GE network policy control device. Additionally, the PTS 32000's support for 100GE, 40GE, and 10GE interfaces allows operators to embed the Sandvine Policy Engine anywhere in their network as they transition to 100GE.
"This is now the fourth generation of our Policy Traffic Switch that the customer has deployed," said Tom Donnelly, Sandvine's COO, Sales and Global Services. "Sandvine prides itself on its history of innovation. Only by continuing to deliver industry-leading products like the PTS 32000 can we deliver value for a customer of this quality for over 10 years."
The customer is using Sandvine's products to provide business intelligence for capacity planning, customer experience measurement, and other strategic initiatives.
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, except to the extent required by applicable law.
For further information: INVESTOR CONTACT: Rick Wadsworth, Sandvine, +1 519 880 2400 ext. 3503, firstname.lastname@example.org; MEDIA CONTACT: Dan Deeth, Sandvine, +1 519 880 2232, email@example.com