Sandvine completes a Decade
Sandvine has 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. Within the past year, Sandvine has been named a market leader by three independent analyst firms: Heavy Reading, Infonetics Research and Frost & Sullivan.
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