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Sandvine rises after booking $12-million in new orders

Sandvine

Sandvine Shares of Waterloo-based Sandvine (Sandvine Stock Quote, Chart, News: TSX:SVC) are up today after the company announced it had received $12-million in new orders from an unnamed client it described as a “major cable operator customer in North America”.

The purchases, for the company’s policy traffic switch (PTS) 32000, are follow-ons to orders the same client made a year ago.

“Cable operators have always been leaders in creating high performance networks. The PTS 32000 helps our customers continue to be leaders as internet access makes the inevitable, industry-wide migration to 100-gigabit-per-second Ethernet,” said Sandvine COO Tom Donnelly.

Sandvine says the orders underscore its leadership position in network policy control in the Tier 1 North American cable market, pointing to deployments at five of the six largest operators.

Donnelly says Sandvine is providing an ongoing edge to ISPs.

“This customer has been reaping the benefits of Sandvine’s network analytics product for a long time. They now see how those insights can be shared more globally throughout the organization with record generator feeding its big data platform,” he said. “Data is less valuable in silos and record generator breaks down those silos by sharing actionable data on the Internet access network with other business systems.”

Sandvine helps internet service providers manage their networks. As they became increasingly burdened with traffic in the latter half of the last decade, Sandvine’s technology gave ISPs a window into the world of their chaotic traffic. The company’s deep packet inspection technology equipped network operators with the critical information they need to make decisions and form policies on service plans, capital investments and premium services.

At press time, shares of Sandvine were up 6.3 per cent to $3.03.

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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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