Sandvine Awarded Over $7 Million In Expansion Orders By Tier-1 MSO; Cable operator purchases Network Analytics to bring intelligence into the network
(M2 PressWIRE Via Acquire Media NewsEdge) Waterloo, ON -- Sandvine, (TSX:SVC; AIM:SAND) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received over $7 million in Network Policy Control expansion orders from a tier-1 North American cable operator, a customer for over five years. These purchases include the Sandvine Policy Traffic Switch (PTS) and Network Analytics software suite to bring unprecedented insight into network usage and to optimize network management decision-making by making available detailed quality metrics on real-time entertainment. Most of the product revenue associated with these orders was recognized in Sandvine's first quarter of 2012.
Network Analytics can project long-term trends in consumer experience and resource utilization, allowing operators to better predict subscriber usage and thus where to best allocate resources and spending. While historical reporting is a standard feature of all Sandvine products, Network Analytics provides predictive business intelligence with metrics and dashboards for holistic network and service planning using a sophisticated data warehouse. By leveraging the PTS' granular traffic classification technology for detailed statistics, and its policy enforcement capabilities to act on data and put business rules into action, the Network Analytics dashboards round out the toolset necessary for operators to proactively manage their networks for increased efficiency.
"Sandvine is committed to bringing our customers the products and intelligence they need today, so they can make strategic decisions for tomorrow," said Tom Donnelly, COO, Sales and Global Services Sandvine. "The strength and longevity of the relationships with our cable customers is very much attributed to our ongoing innovation and flexibility. We provide our customers with forward-looking solutions that can be customized in size and scope for networks today, and scale easily as network demands grow."
Sandvine's Network Policy Control is an integrated hardware and software system that gives service providers access to data that can enable a myriad of solutions, such as fair-use management policies, tailored tiered service plans and network security safeguards.
For more information on Sandvine and its products, visit our CTIA Wireless booth 4413 from May 8 -- 10th in New Orleans.
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 wireless 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 .
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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 benefit's 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.
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