Sandvine Gains Most Orders By Asian Telcos In 3Yrs, Shows Asian Telcos Are The Most Greedy

Over $5 million in follow-on orders from a tier-1, plus two new customer wins in the region

Waterloo, ON; September 11, 2012 –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 $5 million in Network Policy Control expansion orders for a tier-1 customer in its Asia Pacific sales region. During its third quarter, Sandvine won seven new service provider customers, including two from the Asia Pacific sales region.

“Our dedication to the Asian region has paid off,” said Tom Donnelly, COO, Sales and Global Services Sandvine. “We have a significant local presence and several strong regional partnerships that have helped us understand the market and win a number of tier-1 customers. We see more near-term opportunities both with this customer and the top-five Asian operator we announced in May.”

The tier-1 Asian customer expanded its deployment with Sandvine due in part to the Company’s proven support for identifying and applying policy on IPv6 traffic, and Sandvine’s Service Creation capabilities, which fit the operator’s vision for future service differentiation. Orders from Asian service providers in the quarter related to a variety of Network Policy Control use cases, including Sandvine’s market-leading Network Analytics, Traffic Management and Traffic Steering for Media Optimization.

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. 

http://www.sandvine.com/news/pr_detail.asp?ID=385

Sandvine Corp. (SVC), which sells Internet network management tools, jumped the most in more than three years after receiving about $6.5 million in follow-on orders from an Asian service provider.

Sandvine soared as much as 18 percent to C$1.63, the highest since April 2009, and was up 8.7 percent to C$1.50 at 11:33 a.m. in Toronto. A close at that level would be the highest since June 5.

“This is a multi-phase project and the deployment has proceeded as expected,” Tom Donnelly, chief operations officer of sales and global services at Waterloo, Ontario-based Sandvine, said in a statement. “We are just beginning the second phase.”

The company said it first announced initial orders from the customer, a “top five” communications service provider in Asia, in May 2012.

Since that time, Sandvine has announced orders from Asian operators worth about $20 million, Donnelly said. The company has customers in Japan, Australia, Hong Kong, Singapore and Indonesia, according to the statement.