Sandvine spikes after winning tier-1 contract worth millions

In a press release issued this morning, the company said the operator will replace an incumbent solution with Sandvine’s billing and congestion management solution; its high density PTS 24000 and Service Delivery Engine. Shares of Sandvine (TSX:SVC) are up today after the Waterloo-based company announced it had received Network Policy Control orders worth millions of dollars for a new and unnamed tier-1, converged service provider customer in North America.

In a press release issued this morning, the company said the operator will replace an incumbent solution with Sandvine’s billing and congestion management solution; its high density PTS 24000 and Service Delivery Engine.

Sandvine’s Tom Donnelly, COO, Sales and Global Services said the company won the contract because its offering does more than manage traffic.

“For service providers that want to leverage investments in Network Policy Control across multiple use cases, Sandvine is the natural choice,” he said, adding: “Sandvine’s Policy Traffic Switch is optimized for deployments at the network access edge to enhance subscribers’ quality of experience, enable innovative service offerings and leverage network and business intelligence for a wide range of Network Policy Control use cases. This design and the breadth of use cases separate Sandvine from others in our market that focus largely on traffic management.”

Sandvine says more than a third of its customer base now offers wireless access to the internet, and its solutions can offer service providers a seamless way to apply consistent policies to traffic, regardless of whether the end user accesses a network from a fixed line or wireless device.

At press time, shares of Sandvine were up 4.9% to $1.28.

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