TEL AVIV, Israel, November 20, 2014 /PRNewswire/ --
RADCOM Ltd. (NASDAQ: RDCM), a leading provider of
customer experience solutions, today announced that it has received
a $4.3 million purchase order from an
existing Tier-1 customer in the APAC region. The order is for an
extensive MaveriQ solution featuring both software-based probes and
the new MaveriQ Big Data Management System that will be deployed in
the customer's LTE mobile network as it is built out and expanded.
The advanced RADCOM solution will enable the operator to achieve
superior quality-of-service on its high-traffic 3G and LTE mobile
network, thereby reducing churn and operating costs.
"The scale of this order is seen in the Customer Experience
investments that large operators have begun making to gain an edge
in competitive markets - and RADCOM, with our breakthrough MaveriQ
solution, stands to benefit," commented Mr. David Ripstein, RADCOM's President and CEO. "We
are gratified by the customer's 'vote of confidence' in our
partnership and technology, and believe that it will lead to
additional expansions of their RADCOM deployment. In parallel, we
believe that many other operators - both existing RADCOM customers
and potential new ones, will be increasing their investments in the
Customer Experience over the next several years, and this
represents a significant opportunity for our Company."
The MaveriQ expansion system ordered by this APAC operator will
provide comprehensive coverage of its national Access and Core LTE
data network. Operating at speeds of hundreds of Gbps (gigabits per
second), the system will efficiently monitor massive volumes of 3G
and LTE mobile data traffic. As an important component of the
system, the operator will migrate to the MaveriQ 'Big Data'
Management system, while also deploying additional MaveriQ probes
for comprehensive insight into the LTE network's subscriber
experience. Using these enhanced BI (Business Intelligence) tools,
departments throughout the organization will be able to view
relevant aspects of the network performance and to take action to
improve the customer experience, resulting in increased customer
retention and reduced costs.
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 http://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