RADCOM Announces $1.3 Million Expansion Order by Tier 1 APAC Operator
TEL AVIV, Israel, December 5, 2012 /PRNewswire/ --
RADCOM Ltd. (NASDAQ: RDCM) a leading network service assurance provider, today announced a $1.3 million expansion of its deployment with a tier 1 major operator in Asia Pacific (APAC), a member of a global telecom group. This expansion is valued at $1.3 million and the total deployment deal size to date is over $4M.
The operator deployed a sophisticated mobile broadband network. The growing use of smart devices requires extremely high bandwidth usage. Following a successful implementation of RADCOM's Quality of Experience system, this tier 1 customer decided to further expand the deployment, to ensure a superior client experience for its subscribers.
Since an original installation has already taken place, RADCOM can deploy these types of expansion more quickly than initial orders, at increased margins, quicker deployment times and at a faster rate of revenue recognition. Additional opportunities for repeat orders include the operator wanting to monitor other areas of its network, other types of data on its network, as well as other networks it has altogether.
"Asia Pacific is one of our strategic markets and we're confident that our successful track record will enable us to extend outreach to additional operators. Operators in these emerging markets need to rapidly expand and improve their network as they cater to the overload in data traffic," said Yoram Sherman RADCOM's VP Sales Asia-Pacific. "This expansion is a solid indication of RADCOM's successful execution as well as customer satisfaction from our productive solution."
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 and VoIP networks. Its solutions are used in the development and installation of network equipment and in the maintenance 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.
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SOURCE Radcom Ltd