TEL AVIV, Israel, December 15, 2010 /PRNewswire-FirstCall/ -- RADCOM Ltd. (NASDAQ: RDCM), a leading network Service Assurance provider, today announced that it has been selected by a tier-1 telecommunications company in Latin America. This company is a major player in the Latin American market, and this new transaction is another step in RADCOM's continued penetration into this region. The deal is valued at $4 million US Dollars.
This major operator is the largest provider of long distance call services in Latin America. Its high-quality network provides data and voice services to more than 40 million customers. This operator purchased RADCOM's Omni-Q Service Assurance solution to monitor their huge network. RADCOM was chosen due to its ability to provide a unified solution for all of the customer's requirements.
"We are delighted that this major operator will benefit from Omni-Q's comprehensive Service Assurance and troubleshooting solution," said Mr. David Ripstein, RADCOM's President and CEO. "This sizeable new deal demonstrates the growing demand for RADCOM's products in Latin America, which is attributable, among others, to recent rollouts of NGN networks, VoIP-based voice services, 3G mobile networks and other advanced technologies in these markets."
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 the Company 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 the Company'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 Company's business, reference is made to the Company's reports filed from time to time with the United States Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.
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SOURCE Radcom Ltd