Bridgewater to deploy integrated solution to help Verizon Wireless manage
data services delivery
OTTAWA, June 5 /CNW/ - Bridgewater Systems (TSX: BWC) today announced
that it has been awarded a three-year contract to supply Verizon Wireless with
a fully integrated subscriber data management and service control solution for
its award-winning network. The agreement will result in an initial value of
approximately $30 million.
The integrated solution combines Bridgewater's carrier-grade software
with third-party hardware and software, and services to provide the
performance, capacity, scalability and resiliency needed to support data
services delivery. Bridgewater expects to begin delivering the solution in the
fourth quarter of 2008.
"This contract deepens our relationship with Verizon Wireless and
provides a robust solution to support the delivery of data services across its
national network," said Ed Ogonek, president and CEO of Bridgewater Systems.
"Providing our software as part of an integrated solution represents a growth
opportunity for our company, with Verizon Wireless serving as a flagship
Bridgewater's integrated solution will provide the service control
foundation to support data services delivery across Verizon Wireless' network
and at a regional level. By centralizing subscriber data management for a
broad set of revenue-generating data services, Verizon Wireless can leverage a
unified view of subscribers across its entire network.
In addition to the integrated solution, Bridgewater will provide expert
systems integration and professional services to assist in securing the
reliability and resiliency of the IP network, including network architecture
and capacity planning, implementation and support services.
About Bridgewater Systems
Bridgewater Systems develops subscriber-centric service control
solutions, including access control and policy management software for fixed,
mobile and converged networks. Using Bridgewater solutions, global service
providers can offer personalized services and experiences to their subscribers
by maintaining a real time policy that controls how subscribers interact with
networks, services, and their devices. Vendor-neutral and access network
agnostic, Bridgewater's carrier-class solutions help global service providers
launch new services faster, target them more accurately, and maximize profits
by creating a decision point that brings dynamic subscriber context to
controlling and merchandizing the subscriber interaction with IP-based
services. More than 100 leading service providers around the globe trust
Bridgewater's technology to help them deliver world-class services.
Certain statements in this release constitute forward-looking statements
or forward-looking information within the meaning of applicable securities
laws and are made pursuant to the "safe harbour" provisions of such laws.
Statements related to potential benefits of, and demand for, Bridgewater's
products including statements with respect to the features and benefits that
may be achieved through the use of Bridgewater's products and the relative
position of these products vis-à-vis competitive offerings in the industry are
forward-looking statements which are subject to certain assumptions, risks and
uncertainties. Readers are cautioned not to place undue reliance on such
statements. Risk factors that may cause the actual results, performance or
achievements of Bridgewater to differ materially from the results,
performance, achievements or developments expressed or implied by such
forward-looking statements can be found in the public documents filed by
Bridgewater from time to time with Canadian securities regulatory authorities.
Bridgewater assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
For further information:
For further information: Investor Relations Contacts: Bridgewater
Systems, Kim Butler, Chief Financial Officer,
firstname.lastname@example.org, (613) 591-9104 ext 6023; Investor
Relations, The Equicom Group Inc., Vanessa Beresford,
email@example.com, (416) 815-0700; Media Contacts: Mi liberty,
Claudette Cameron, +44 207 751 44 44, firstname.lastname@example.org; Greg Perry,
(770) 919-7366, email@example.com; Camber Communications (Asia Pacific),
Kevin Foo, +65 6333 0231, firstname.lastname@example.org