TEL AVIV, Israel, May 6, 2015 /PRNewswire/ --
RADCOM Ltd. (NASDAQ: RDCM) a leading innovative customer
experience provider, today announced that the Tier-1 customer with
whom it closed a $4.3 million deal in November has now expanded the
agreement, folding it into a three-year, $13
million contract for a more extensive MaveriQ solution. This
is RADCOM's largest contract to date.
"It is hard to overstate the importance of this milestone
agreement for RADCOM," commented Mr. David
Ripstein, RADCOM's President and CEO.
"On the one hand, it is a strong confirmation of the market need
for Quality of Service solutions - and MaveriQ's unique fit for
operator requirements. Just as important, the fact that this is a
long-time customer who has turned to us for this significant
expansion demonstrates the excellent relationships that we have
built with our clients and the growth potential that many of them
offer as they build out their LTE networks and plan their
transition to a virtualized environment. This is a strong platform
that we believe will support continued growth ahead."
The comprehensive MaveriQ Customer Experience solution which
RADCOM will deploy for this customer is designed to provide
real-time analysis of the operator's complex 3G and 4G Access and
Core mobile data networks, enabling performance and quality-related
problems to be isolated and solved before they escalate. The system
will use the robust MaveriQ Analytics System, which includes
embedded Big Data and Business Intelligence technologies, to enable
real-time monitoring across all networks. In addition, the system
will include RADCOM's new NFV software-based probe.
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
Tally Kaplan Porat
Director of Marketing Communications
+972-52-2455708
+1-408-805-3009
tallyk@radcom.com
SOURCE RADCOM Ltd