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CableMatrix's products complement Sandvine's solutions for the creation of new network services, such as VOIP, IPTV, Video on Demand and Bandwidth on Demand, that are driving the next wave of broadband market growth. Through universal equipment signaling, CableMatrix's products extend Sandvine's policy enforcement capabilities network-wide, from the edge to the core, for all next generation access networks-DSL, FTTH, Broadband Wireless and Cable-and are consistent with all emerging network standards, including IMS, TISPAN, and PCMM. Simplicita's solutions enable broadband service providers to create network policies based on the "reputation" of network users, as determined from a variety of sources including Sandvine's platforms, service provider data and third party sources. Initial applications of Simplicita's innovative technology protect service providers' Domain Name Server infrastructures while enabling the creation of new advertising-based services. Sandvine's agreement with Simplicita is subject to typical closing conditions and is expected to close by the end of this month. "These acquisitions benefit Sandvine in three ways. First, they immediately expand the Sandvine Service Creation product portfolio. Second, they enhance our Network Integrity suite. And finally, they bring elements to our core technology that will enhance the breadth of new applications we can offer in the future," said Dave Caputo, Sandvine's president and chief executive officer. The combined purchase price across the two acquisitions includes US$4.5 million in cash, 0.9 million Sandvine common shares, plus a further 0.6 million shares if certain sales targets and business metrics are met in 2008 or earlier. In accordance with AIM requirements, Sandvine will apply in due course for the common shares issued in connection with the acquisitions to be admitted to AIM. As a result of the acquisitions, the company will immediately add approximately 40 employees. While Sandvine sees some near-term opportunities for the new products, the company does not expect meaningful revenue from the acquisitions until some time in 2008. The company does not expect its operating model to change from that disclosed in Management's Discussion and Analysis for the first quarter of 2007.
RelevantC Business Group (RCBG) advised Sandvine on these transactions. Sandvine's award-winning network equipment helps DSL, cable, and wireless broadband service providers characterize what is really happening on their networks, enabling polices that improve customer satisfaction, reduce operational costs and increase profitability. Sandvine's DPI-based policy solutions are both application and subscriber-aware, empowering service providers to better manage network traffic congestion, mitigate the proliferation of malicious traffic, and deliver QoS-prioritized multimedia services. With over 80 customers in more than 30 countries, Sandvine is enhancing the Internet experience for millions of broadband users worldwide. CAUTION REGARDING FORWARD LOOKING INFORMATION Certain statements in this report which are not historical facts constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements") and are made pursuant to the "safe harbour" provisions of such laws. Statements related to Sandvine's projected revenues, earnings, growth rates, revenue mix and product plans, in particular the statements above regarding the anticipated benefits of the announced acquisitions, are forward-looking statements as are any statements relating to future events, conditions or circumstances. The use of terms such as "anticipated", "expected", "projected", "targeting", "estimate" and similar terms are intended to assist in identification of these forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Sandvine to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation, each of the following:
Sandvine does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
Additional risks and uncertainties that relate to an investment in the securities of the Company and which can also impact upon forward-looking information which may be contained in this release can be found in the Company's Annual Information Form and other regulatory filings which are available on SEDAR at www.sedar.com .
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