TEL AVIV, Israel, March 11, 2014 /PRNewswire/ -- RADCOM Ltd.
(NASDAQ: RDCM) a leading innovative customer experience and service
assurance provider, today announced the initial phase of a
multi-year deal at the approximate amount of $3.5M with a major operator in Brazil. This deal will cover the operator's 3G
and LTE network providing new agility that reduces OPEX and
CAPEX.
This tier 1 Brazilian Cellular operator purchased RADCOM's
system to provide service assurance for their Mobile broadband 3G
and LTE network. RADCOM offered this operator one solution for
different technologies running on the recently announced, powerful
cost-effective terabit MaveriQ probes. This operator is
experiencing a rapid increase in traffic; consequently, following
their own expansion to LTE they purchased RADCOM's MaveriQ solution
and applications to help them continue to provide high quality of
service to their customers.
"We are excited by the momentum generated by our MaveriQ
technology, a powerful service assurance solution which confirmed
RADCOM's advantage over the competition," said Mr. David Ripstein
RADCOM's CEO. "This deal is a realization of our business strategy
which concentrates on increasing our hold in LATAM and APAC markets
and the shift we made to a software-based solution, ready for NFV
(Network Functionality Virtualization)."
About RADCOM
RADCOM provides innovative service assurance and customer
experience management solutions for leading telecom operators and
communications service providers. RADCOM specializes in solutions
for next-generation mobile and fixed networks, including
LTE, VoLTE, IMS, VoIP, UMTS/GSM and mobile broadband. RADCOM's
comprehensive, carrier-grade solutions are designed for big data
analytics on terabit networks, and are used to prevent service
provider revenue leakage and to enhance customer care management.
RADCOM's products interact with policy management to provide
self-optimizing network solutions. RADCOM's shares are listed on
the NASDAQ Capital Market under the symbol RDCM. . For more
information, please visit www.RADCOM.com.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use the words "estimate,"
"project," "intend," "expect," "believe" and similar expressions
are intended to identify forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks
and uncertainties that could cause the actual results, performance
or achievements of RADCOM to be materially different from those
that may be expressed or implied by such statements, including,
among others, changes in general economic and business conditions
and specifically, decline in the demand for RADCOM's products,
inability to timely develop and introduce new technologies,
products and applications, and loss of market share and pressure on
prices resulting from competition. For additional information
regarding these and other risks and uncertainties associated with
RADCOM's business, reference is made to RADCOM's reports filed from
time to time with the United States Securities and Exchange
Commission. RADCOM does not undertake to revise or update any
forward-looking statements for any reason.
Contact:
Eyal Harari
VP Products and Marketing
+972-77-774-5030
eyalh@radcom.com
SOURCE RADCOM Ltd.