|By PR Newswire||
|March 11, 2014 11:00 PM EDT||
WATERLOO, Ontario, March 12, 2014 /PRNewswire/ --
Sandvine, (TSX: SVC) a leading provider of intelligent broadband network solutions for fixed and mobile operators, today announced that it has received a multi-million dollar follow-on order for current customer, Etisalat, a leading communications service provider in the UAE and Sandvine customer since 2006. This order represents Etisalat's ongoing commitment to innovation and providing subscribers with a superior Internet experience.
"As one of the world's leading telecommunications operators, we are focused on providing a superior broadband experience to our customers," said Haitham Abdulrazzak, CTO Etisalat. "It is imperative we have a best-in-class solution that allows us to successfully continue down the path of innovation and maintain our position as market leaders."
With the order, Etisalat has expanded its deployment of Sandvine's best-in-class technology and solutions, including Network Analytics, Fairshare Traffic Management, Network Protection and Usage Management. The order is part of a planned multi-year, multi-phased project and will cover Etisalat's leading fixed and mobile networks, including FTTH and LTE technologies.
"We are proud to call Etisalat UAE a customer. They are thought-leaders in their industry and continue to exhibit exceptional commitment to customer experience and service innovation," said Dave Caputo, Sandvine's CEO.
The UAE is home of the world's most ambitious plans to create smart cities by relying on innovation and creativity. Etisalat is a pioneer and leader in the telecommunications industry. With a footprint that spans across more than 15 countries, Etisalat was seeking ways to improve quality of service, enhance customer experience and gain visibility into their networks.
"Sandvine's solutions support a variety of innovative service plans. Using Sandvine's solutions, like Network Analytics and Usage Management, gives us unprecedented insight into our networks, allows us to take action on subscribers' quality of experience, and develop unique service plans to meet their needs," said Esmaeel Al Hammadi, VP Network Development, Etisalat.
Sandvine's market-leading business intelligence products help operators understand current and future trends in subscriber experience and network resource utilization so operators can proactively decide where to allocate resources and make incremental network investments. Sandvine's traffic optimization products use network data to apply business rules that protect subscribers' quality of experience under all network conditions.
Sandvine's success with both existing and new customers globally has led industry analyst Infonetics to identify the company as the leader in its field.
Etisalat is the Middle East's leading telecommunications operator and one of the largest corporations in the six Arab countries of the Gulf Cooperation Council, with a market value of approximately Dh81 billion (US$22 billion) and annual revenues of over Dh32.9 billion (US$9 billion). A multinational, blue-chip organisation, Etisalat has operations in 15 countries in the Middle East, Africa and Asia. Nearly 42,000 people are directly employed by the company. For nearly 40 years, Etisalat has helped the UAE sustain a position as the region's main hub for business, trade and foreign investment by providing reliable and high quality services. It is one of the global telecommunication industry's innovation pacesetters, powering its home country, the UAE, into the top ten nations list by providing the latest technologies first.
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, http://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 and the potential revenue opportunity with any particular customer or in any market segment are forward looking statements. In addition this release may also reference certain orders that have not yet resulted in revenues for Sandvine and there is no assurance that such orders will result in revenue or the timing upon which such may occur. There may be conditions or other circumstances that may impact if and when such orders actually translate to revenue. 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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