TEL AVIV, Israel, September 12, 2011 /PRNewswire/ --
RADCOM Ltd. (NASDAQ: RDCM) a leading network service assurance provider, today announced that it has received additional orders totaling approximately $US 6.5 million from one of Latin America's major multinational mobile telecommunications groups. These orders were placed by several of the group's regional operators.
RADCOM's rising business from this group reflects the customer's decision to standardize on RADCOM's advanced Omni-Q as a comprehensive solution for controlling many aspects of service quality. This deal is an integral part of RADCOM's strategy of building relationships with multi-national telecommunications groups that can implement RADCOM's unique tools across their operators. Since this operator is one of the most advanced operators in Latin America, RADCOM's comprehensive offering is ideal for them, as RADCOM can provide one platform for all technologies on their network. RADCOM's focused offerings for cross-national operators, such as interconnection management and roaming analysis were significant features in this operator's decision to choose RADCOM as the preferred solution.
"This strategic deal by this multi-national group improves our visibility, making us even more confident in our product and marketing strategy," commented Mr. David Ripstein, RADCOM's President and CEO. "These deals confirm that we are well positioned with the right technology, in a high-potential market."
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 words such as "estimate," "project," "intend," "expect," "'believe", "may", "might", "predict", "potential", "anticipate", "plan" or 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 the 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