TEL AVIV, Israel, April 14, 2011 /PRNewswire-FirstCall/ -- RADCOM Ltd. (NASDAQ: RDCM) today announced that one of Latin Americas' largest cellular operators, which previously selected RADCOM's Service Assurance solution, decided to expand their implementation of RADCOM's Mobile Data solution by adding full network coverage to its already implemented monitoring of 3G multimedia data services. This new deal is valued at approximately $2.5 Million US Dollars, with an expected further expansion valued at approximately $3 million US Dollars for RADCOM to follow in 2012.
This major deal with Latin America's Tier-1 market leader, which is a part of the largest mobile telephony group in the South Hemisphere, signifies another success for RADCOM in this region. RADCOM will deliver a comprehensive solution for this operator's high-quality network, which provides data and voice services to more than 50 million subscribers.
"We are delighted that this major operator chose RADCOM's solution again to monitor their network. Positive experience with RADCOM's current implementation led this operator to make a long term investment in RADCOM's solutions. With this continuing deal, the customer showed their vote of confidence in RADCOM's solution" said David Ripstein, RADCOM's President and CEO. "Establishing itself as a service assurance solution provider for Tier-1 operators is one of RADCOM's primary aims, and our ability to provide this operator with a scalable solution confirms our success".
RADCOM provides innovative service assurance solutions for communications service providers and equipment vendors. RADCOM specializes in solutions for next-generation networks, both wireless and wireline. RADCOM's comprehensive, carrier strength solutions are used to prevent service provider revenue leakage and enable management of customer care. RADCOM's products facilitate fault management, network service performance analysis, troubleshooting and pre-mediation with an OSS/BSS. 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 +972-3-766-8248 [email protected]
SOURCE RADCOM Ltd