TEL
AVIV, Israel, May 1, 2023
/PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM) today
announced that further to its announcement from February 21, 2023, it has completed the
acquisition of the technology, intellectual property, and customer
agreements of Continual Ltd. (TASE: CNTL).
Continual is a leading mobility experience analytics company
that uses Artificial Intelligence (AI) and Machine Learning (ML) to
deliver advanced insights to help telecom operators improve their
subscribers' mobility experience.
Continual's mobility experience analytics will enrich the RADCOM
ACE portfolio for location and mobility analytics, helping
operators optimize the subscribers' journey while traveling,
further enhancing RADCOM's 5G analytics to ensure users enjoy the
best customer experiences wherever they are.
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
917-607-8654
msegal@ms-ir.com
Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in 5G ready
cloud-native network intelligence solutions for telecom operators
transitioning to 5G. RADCOM Network Intelligence consists of RADCOM
Network Visibility, RADCOM Service Assurance, and RADCOM Network
Insights. The RADCOM Network Intelligence suite offers intelligent,
container-based, on-demand solutions to deliver network analysis
from the RAN to the core for 5G assurance. Utilizing automated and
dynamic solutions with smart minimal data collection and on-demand
troubleshooting and cutting-edge techniques based on machine
learning, these solutions work in harmony to provide operators an
understanding of the entire customer experience and allow them to
troubleshoot network performance from a high to granular level
while reducing storage costs and cloud resource utilization. For
more information on how to RADCOMize your network today, please
visit www.radcom.com, the content of which does not form a part of
this press release.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words such as "expect,"
"believe," "will," "plan," or similar expressions are intended to
identify forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and other
securities laws. For example, when the Company discusses the
anticipated benefits relating to the acquisition of Continual, it
is using forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties that
could cause the actual results, performance, or achievements of the
Company to be materially different from those that may be expressed
or implied by such statements, including, among others, risks
related to unexpected costs, liabilities or delays resulted from
the acquisition; the occurrence of any event,; the ability to
recognize benefits of the acquisition; risks that the acquisition
disrupts current plans and operations; and impact of the
acquisition on relationships with customers, distributors and
suppliers, changes in general economic and business conditions and
specifically, decline in the demand for the Company'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
the Company's business, reference is made to the Company's reports
filed from time to time with the U.S. Securities and Exchange
Commission. The Company does not undertake to revise or update
forward-looking statements for any reason.
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SOURCE RADCOM Ltd.