Research & Development
Sandvine Secures Funding Towards Innovative Research and Development Activities
WATERLOO - Sandvine, a leading provider of intelligent broadband network solutions for cable, DSL, FTTx, fixed wireless and mobile operators, announced that it has entered into an agreement with the Province of Ontario in respect of certain innovative research and development activities.
Under the agreement, Sandvine will be eligible to receive funding equal to 11% of related, eligible costs incurred in Ontario from February 2009 to February 2014 to a maximum of $18.7 million. In addition, at the end of the agreement, the company will be entitled to receive up to an additional 4% of such costs (to a maximum of $6.8 million) if certain Ontario-based job targets have been met.
"The provincial government has demonstrated a real commitment to Ontario as a technology leadership centre, both within Canada and globally," said Dave Caputo, Sandvine's president and chief executive officer. "This funding gives Sandvine a tremendous opportunity to continue to advance our research and development activities right here at home."
Sandvine's network policy control solutions focus on protecting and improving the quality of experience on the Internet.
Our award-winning network equipment and software helps DSL, FTTx, cable, fixed wireless and mobile operators better understand network traffic, manage network congestion, create new services and revenues, mitigate traffic that is malicious or undesirable to subscribers, deliver QoS-prioritized multimedia services and increase subscriber satisfaction. With service provider customers in more than 70 countries serving hundreds of millions of broadband and mobile data subscribers, Sandvine is enhancing the Internet experience worldwide.