Sandvine

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Sandvine Incorporated (TSX: SVC, AIM: SAND), is a networking equipment company based in Waterloo, Ontario, Canada.

The company specializes in bandwidth management network appliances that free up bandwidth consumed by peer-to-peer applications and prioritize protocols adversely affected by jitter and latency, such as VoIP and online gaming. The appliances use deep packet inspection to enforce application-aware policies.

Sandvine has more than 80 customers in 30 countries, deployed in networks representing millions of broadband subscribers.


Contents

History

In September 2001, Sandvine secured C$20 million in seed financing. This seed financing round, led by Celtic House, was one of the largest in Canadian venture history. In just over 5 years since, Dave Caputo and co-founders Mark Morin (Chief Technology Officer), Brad Siim (COO and VP Engineering), Don Bowman (VP Consulting Systems Engineering), and Tom Donnelly (EVP Marketing & Sales) have grown Sandvine from the concept stage into a leading developer of intelligent broadband network management solutions.

In March 2006, Sandvine was listed on London's AIM Exchange, raising $37 million and achieving a market cap of over $230 million at its first day of closing. Sandvine was listed on the TSX in October 2006, raising a further $13 million. As of May 28, 2007, Sandvine (Toronto:SVC.TO - News) had a market capitalization of approximately $580 million - the highest market cap of any Canadian VC-backed IT company that has gone public since 2000 according to venture industry data.

Founding Team


Links

Sandvine Incorporated - http://www.sandvine.com


References

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