TEL AVIV, Israel, January 4, 2016 /PRNewswire/ --
RADCOM Ltd (NASDAQ: RDCM), today
announced an $18 million win
following the selection of its MaveriQ solution for deployment by
one of North America's top-tier
telecom operators. This is the initial order within the framework
of a multi-year sales agreement for a virtual-probe-based
monitoring solution for the operator's mobile network. This
groundbreaking win positions the Company for the next level of
growth.
This major order followed nine-months of intensive trials with
the operator during which RADCOM demonstrated the superiority of
its virtual probe solution over competitors' offerings. This
recognition by one of the telecom industry's leading players
positions RADCOM as the clear technology leader of the market for
virtual (NFV) probe-based monitoring solutions.
Ms. Heli (Rachel) Bennun,
RADCOM's Chairwoman of the Board, commented, "Our selection by this
important operator is a strong confirmation of RADCOM's multi-year
strategy for our software-based solution that will serve the
telecom market's future NFV needs. Our efforts this year will be
focused on flawless execution of our customer commitments together
with expanding our sales activities to other top-tier operators
around the world."
Eyal Harari, RADCOM's VP Products
and Marketing commented, "These are extremely exciting times, with
RADCOM's comprehensive solution uniquely positioned to serve the
needs of the NFV and LTE markets, which are expected to grow
significantly for many years to come."
About RADCOM
RADCOM provides 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.
For all media enquiries, please contact:
Mark Rolston
Marketing Manager
+972-77-774-5036
markr@radcom.com
SOURCE RADCOM Ltd