RADCOM Closes a $2.2 Million Deal for Mobile Data Monitoring and LTE
TEL AVIV, Israel, February 20, 2013 /PRNewswire via COMTEX/ --
RADCOM Ltd. (NASDAQ: RDCM), a leading service assurance provider, recently expanded its coverage of the mobile data network of one of its customers, a major South American cellular operator, to provide service assurance for new sites and speeds that this customer is offering. RADCOM is already monitoring this customer's mobile data and SS7 network, and this $2.2 million deal is the third expansion of RADCOM's deployment for this operator.
Mobile data subscribers are constantly demanding more bandwidth and services, forcing operators to constantly expand their networks by adding capacity to meet these demands. Each time this satisfied RADCOM customer expanded their network, they expanded the deployment of RADCOM's Service Assurance solution accordingly, with RADCOM currently monitoring over 100 Gbps. After this current expansion, RADCOM now covers the service provider's LTE domain.
"We are happy to be a partner with this mobile operator," said Ronen Hovav, RADCOM's VP Sales, Global Accounts. "As a long time customer of RADCOM they are constantly finding more ways that the Omni-Q Service Assurance solution for mobile data can help them optimize their network deployment and increase their revenue."
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The Company specializes in next-generation Cellular as well as IMS, Voice, Data VoIP and LTE networks. Its solutions are used in the development and installation of network equipment and in the maintenance and customer-care of operational networks. The Company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. 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.
VP Products and Marketing
SOURCE RADCOM Ltd
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