RADCOM Wins $3 Million Contract with Tier 1 Telecom Operator for its Omni-Q Service Assurance Solution
TEL AVIV, Israel, October 9, 2012 /PRNewswire via COMTEX/ --
RADCOM Ltd. (NASDAQ: RDCM), today announced a contract of approximately three million dollars from a major Tier 1 telecommunications services operator to purchase RADCOM's Omni-Q Service Assurance Solution for their 2G and 3G network. Omni-Q will monitor voice and data services of the operator's global traffic to improve network Quality of Service (QoS) and Quality of Experience (QoE). The order was received in the third quarter.
The Tier 1 operator provides mobile telephony, wireless and Mobile Broadband Internet. The purchase covers a wide range of technologies, using a number of additional applications from RADCOM's Service Assurance Application suite.
"In the highly competitive telecom space, quality of service and experience are critical to reducing customer churn, and operators are seeking a complete monitoring solution," said David Ripstein RADCOM's President and Chief Executive Officer. "RADCOM's extensive and comprehensive set of Quality of Service and Experience applications for the different technologies of this operator is the reason we won this new account."
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 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.
Brett Maas, Hayden IR
VP Products and Marketing
SOURCE RADCOM Ltd
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