Sandvine and TextNow bring Waterloo innovation to the US mobile market
16 Jun, 2016, 07:00 ET
WATERLOO, ON, June 16, 2016 /CNW/ - Sandvine, (TSX:SVC) a leading provider of intelligent broadband network solutions for fixed and mobile operators, and TextNow, the company making mobile phone service more affordable through its unique cloud based technology, today announced Sandvine's Network Policy Control platform will help power TextNow Wireless' service in the United States.
TextNow Wireless uses a hybrid model of Wi-Fi and traditional phone service to offer premium quality mobile service at affordable prices. With TextNow Wireless, customers receive all of the benefits of a traditional mobile carrier without the contracts and additional fees. The cloud-based mobile service allows users to use their phone numbers across multiple platforms and devices.
TextNow is deploying Sandvine's Virtual Series as a virtual network function (VNF) allowing them to rapidly enable new subscriber services and deliver cost savings to consumers. Sandvine's Usage Management product, PCRF and ServiceDesigner interface combine to provide TextNow with a comprehensive service innovation toolkit, including a service definition and deployment interface; quota management, service tiering and bolt-on capabilities.
Sandvine's network policy control solutions are deployed in more than 300 networks and serving hundreds of millions of data subscribers worldwide. Looking to further disrupt the US wireless market, TextNow is able to leverage the expertise Sandvine has gained working with mobile operators around the world in order to help TextNow achieve their goal of connecting the world by creating the most exceptional and affordable cloud-based phone service.
Sandvine and TextNow were both founded in Waterloo, Ontario, a community of 550,000 with a long entrepreneurial history, strong technology ecosystem and leading post-secondary institutions. While both headquarters are located within a few hundred feet from one another, the companies are working together to bring their innovation to the U.S. MVNO market, where TextNow Wireless operates.
TextNow is an innovative company that has embraced what the next generation of mobile services is all about," said Dave Caputo, CEO, Sandvine. "Using Network Functions Virtualization to enable innovative data-powered subscriber services is something few operators in the world are doing, so it should come as no surprise that this type of innovation is coming out of the Waterloo Region."
"TextNow is excited to work with Sandvine to optimize our service behind the scenes and provide our subscribers with an even more amazing mobile experience at affordable prices as we continue to grow," said Derek Ting, CEO and co-founder, TextNow. "The Waterloo region is full of great companies focused on telecommunications, with Sandvine among the most experienced and successful."
TextNow is making mobile phone service ultra-affordable through its unique cloud based technology. Through TextNow Wireless and the free TextNow app, the company provides millions of users a better and more affordable alternative to traditional wireless plans and services. For more information, please visit www.textnow.com.
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Sandvine's network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks, to increase revenue, reduce network costs and improve subscriber quality of experience. Our networking solutions perform end-to-end policy control functions, including traffic classification, policy decision and enforcement. Deployed as virtualized network functions or on Sandvine's purpose built hardware, the products provide actionable business insight, and the ability to deploy new consumer and business subscriber services, optimize and secure network traffic, and engage with subscribers.
Sandvine's network policy control solutions are deployed in more than 300 networks in over 100 countries, serving hundreds of millions of data subscribers worldwide. www.sandvine.com.
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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, [email protected]; MEDIA CONTACT, Dan Deeth, Sandvine, +1 519 880 2232, [email protected]
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