TEL AVIV, Israel, June 14, 2016 /PRNewswire/ --
RADCOM Ltd (NASDAQ: RDCM), today announced that it has received a $4.3 million order from a leading Tier 1 APAC operator, part of the $13 million contract that was announced in May, 2015. This order further expands RADCOM's solution to assure the quality of service delivered to the operator's install base of more than 50 million subscribers.
RADCOM's MaveriQ solution is deployed across multiple technologies and departments within the operator and this expansion provides additional capacity to handle the expected traffic growth up until 2017. By decoupling the need for proprietary hardware RADCOM's MaveriQ software has proved itself to be highly scalable as the operator's network capacity has rapidly increased year-over-year; one of the reasons this operator chose RADCOM as its service assurance vendor.
"RADCOM has been a long-time partner of this Tier 1 operator - being the 1st customer to upgrade to MaveriQ - and this latest order highlights the strength of our relationship," said Eyal Harari, RADCOM's Chief Operating Officer. "Our ability to assure the network and provide real-time customer experience insights across multiple technologies while supporting the year-over-year expansion of their network capacity has been critical. We appreciate the trust this operator places in us, as we strive together to assure a high quality of experience is delivered to subscribers and we look forward to continuing to meet future needs of both this and additional Tier 1 operators."
RADCOM (NASDAQ: RDCM) is a first-mover and leading provider of NFV-ready service assurance and customer experience management solutions for Communications Service Providers (CSPs). RADCOM's software - MaveriQ - continuously monitors network performance and quality of services, to optimize user experience for CSPs' subscribers. RADCOM specializes in solutions for next-generation mobile and fixed networks, including LTE, VoLTE, IMS and others. MaveriQ enables CSPs to smoothly migrate their networks to NFV by assuring physical, NFV-based and hybrid networks. For more information, please visit http://www.radcom.com.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Because such statements deal with future events and are based on RADCOM's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of RADCOM could differ materially from those described in or implied by the statements in this press release. Except as otherwise required by law, RADCOM disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise.
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SOURCE RADCOM Ltd