TEL AVIV, Israel, April 29, 2014 /PRNewswire/ -- RADCOM Ltd. (NASDAQ: RDCM), a leading innovative service assurance and customer experience provider, today announced that it has joined the Alcatel-Lucent CloudBand Ecosystem program. This initiative was established to advance industry adoption of Network Functions Virtualization. RADCOM's joining of this initiative follows the company's recent launch of MaveriQ, its NFV-based based network analytics solution
MaveriQ is RADCOM's NFV-based network analytics solution with super-high-capacity processing power. MaveriQ brings probe-based service assurance into the terabit era, giving operators clear visibility into all quality aspects of 4G LTE, VoLTE and LTE-Advanced networks.
The CloudBand Ecosystem program is the first open community of service providers, developers and vendors adopting NFV. Virtualizing network functions allows faster and more efficient deployment of network functions where they are needed. In addition, service life-cycles can be more easily managed to meet dynamic customer demands without the huge investments in time, costs and power that are currently required.
Participating in the Alcatel-Lucent CloudBand Ecosystem program will enable RADCOM to further develop the unique capabilities of its MaveriQ Service Assurance and Customer Experience solution. Deploying MaveriQ as a Virtual Network Function allows operators to reduce CAPEX and OPEX, speed up deployment time and achieve better flexibility and scalability while improving subscriber Quality of Experience and optimizing their telecommunications network.
"The industry is shifting towards virtualized platforms such as virtualized Evolved Packet Core (vEPC) and a virtualized IMS (vIMS)." said Eyal Harari, VP Products and Marketing. "We are excited to join the Alcatel-Lucent CloudBand Ecosystem program. RADCOM is cooperating with network equipment vendors to provide Quality of Experience monitoring solutions for virtualized network architectures. We are pleased to be at the forefront of the community of service providers, developer and vendors developing NFV based solutions."
"We believe that the CloudBand NFV Platform is where the industry is headed, and we are delighted that we can give companies like RADCOM the opportunity to make use of our open cloud architecture, said Dor Skuler, Alcatel-Lucent VP and CloudBand Business GM."Together CloudBand and our ecosystem partners are moving the industry from NFV experimentation in the lab and field trials, to execution in the network."
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, LTE-A, 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 www.radcom.com
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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.