Sandvine, a provider of intelligent broadband network
solutions, announced their tenth anniversary.
The company was founded on August 31, 2001, amidst the
uncertain times of the dot com bust and the 9/11 event, but on a strong footing
with 40 employees and $19.5 million in seed financing.
In addition, co-founders Dave Caputo, Marc Morin, Brad
Siim, Tom Donnelly and Don Bowman brought with them seasoned entrepreneurial
expertise, having previously founded PixStream, which sold to Cisco in 2000 for
over half a billion dollars (CAD).
Sandvine completed an initial public offering on the
London AIM exchange under the ticker ‘SAND’ in March of 2006, shortly followed
by an offering on the Toronto Stock Exchange under the ticker ‘SVC’ in October.
In 2007, CableMatrix was acquired by the company, which strengthened Sandvine’s
position in the policy control market. In the same year, Sandvine also
purchased Simplicita to enable reputation-based subscriber protection policies.
Sandvine first found its roots with cable
and DSL Internet providers and sold traffic management solutions using its
award-winning Policy Traffic Switch (PTS) platform. Since then Sandvine’s
products have evolved to meet the breadth of service providers’ emerging needs,
and to address use cases in both fixed and mobile networks, with a suite of
solutions that combine together under the umbrella market space of Network
Policy Control.
Currently, Sandvine has a global presence with over 200
customers in over 85 countries, with sales centers and personnel in each major
geographic region. Sandvine customers include: Comcast, NTT Communications,
Telefonica, and O2.
Sandvine revenues have grown to approximately US$90
million in 2010 and this achievement has garnered Sandvine a spot on the
Deloitte Fast 50 list of fastest growing technology companies in Canada and the
Deloitte Technology Fast 500 list of fastest growing technology companies in
North America for several years running.
In addition, Sandvine has been recognized by the Great
Place to Work Institute Canada for the past five consecutive years.
Sandvine was the first company in 2002 to discover that
peer-to-peer file sharing was the largest consumer of bandwidth on the consumer
Internet, and that in 2010, Sandvine was the first company to identify that
Netflix was consuming 20 percent of downstream traffic in North America, a
value which has risen since to 30 percent as reported the last Sandvine Global
Internet Phenomena Report.
“It is truly an honour to be part of such an amazing
journey these last ten years, and I’d personally like to thank all of our
customers, investors, stakeholders and the Sandvine team for the continued
growth over the years,” said Dave Caputo, CEO, Sandvine. “Sandvine
customers have always been in the forefront of our minds and our close
partnership with global service providers helps shape our understanding of
their business requirements and technical needs.”
Sandvine, recently announced the release
of their Usage Management product, which includes key upgrades to help
both fixed and mobile service providers create, manage and implement new
product offerings.
A key differentiator in the 4.0 release of Usage
Management is that with its availability, operators now have a single vendor,
pre-integrated source for a high-availability software solution that
incorporates a real-time advice of usage interface at any threshold.
By Telecomlead.com team
editor@telecomlead.com
