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LONDON, UK / ACCESSWIRE / November 8, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Radcom Ltd (NASDAQ: RDCM), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=RDCM. The Company announced on November 06, 2017, that it has entered into a 3-year contract extension with Globe Telecom to provide service assurance for their mobile network, and to assure their future transformation to NFV (Network Functions Virtualization). In the last few years, Globe Telecom has used Radcom's MaveriQ solution for insights on real-time customer experience to assure service quality and high customer satisfaction. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Partnership Likely to Optimize Globe Telecom's Packet Core IP Probe System
James Lim, Globe Telecom's Vice President for Network Technology Group, expressed that this 3-year partnership will optimize the Company's Packet Core IP Probe system to continuously deliver superior mobile data service to its customers through real-time monitoring of its mobile network KPIs and subscribers' KQIs. The system easily enables immediate detection of breached thresholds to trigger immediate action and rectification of issues, before they even impact subscriber data experience. Lim added that this partnership will also extend to Globe Telecom's adoption of new technologies such as NFV, IPv6, and Kafka.
MaveriQ will Enable Globe Telecom to Smoothly and Reliably Transition to NFV
Commenting on the partnership, Harel Givon, Chief Business Officer of Radcom, stated that the Company is extremely excited by its continued and expanded partnership with Globe Telecom. MaveriQ will help Globe Telecom to gain complete visibility across its network to deliver top-quality services to its customers, as demonstrated this year by Globe Telecom becoming the leading CSP in the Philippines.
Givon added that in the future, MaveriQ with its comprehensive support of physical, virtual, and hybrid networks, will enable Globe Telecom to smoothly and reliably transition to NFV, while assuring customer experience is transparent and guaranteeing quality of service.
Radcom's Recent NFV Contract
On October 09, 2017, after a successful proof of concept with a world leading top-tier operator, Radcom signed a new NFV contract for its fully virtualized, cloud-native MaveriQ solution. The NFV contract covers assurance for a virtualized network domain and provides a framework for additional orders by the operator.
About Radcom Ltd
Founded in 1991, Radcom is a first-mover and leading provider of NFV-ready service assurance and Customer Experience Management (CEM) solutions for Communications Service Providers (CSPs). The Company's patent product, MaveriQ, continuously monitors network performance and quality of services to optimize user experience for CSPs' subscribers. Radcom is based in Tel Aviv, Israel.
About Globe Telecom, Inc.
Established in 1935, Globe Telecom is the number one mobile brand in the Philippines, providing telecommunications services to individuals, small and medium-sized businesses, and corporate and enterprise clients. The Company operates through its Mobile Communications Services and Wireline Communication Services segments. Globe Telecom is headquartered in Taguig, the Philippines.
Last Close Stock Review
Radcom's share price finished yesterday's trading session flat at $19.50. A total volume of 67.59 thousand shares have exchanged hands, which was higher than the 3-month average volume of 53.08 thousand shares. The Company's stock price surged 7.14% in the previous twelve months. Additionally, the stock gained 9.55% since the start of the year. The stock currently has a market cap of $250.38 million.
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