Sandvine - Who is the Global DSL/Mobile Cusotmer with 20 Properties ?

  

Sandvine announced today their Q1 (Feb 28) results. Nice quarter for the Canadian DPI vendor - 18% growth from Q1 09 and 15% from Q4 09 and a profitable quarter. Revenues were CAN$21.9M. (See press release here).

Stock (TSX:SVC) is up 10% in early trading this morning.

CEO Dave Caputo, presented during the results conference call  some highlights concerning major accounts (slide #9- here) and said (part of it comes from the Q&A session):

• Comcast was a 10% customer this quarter (i.e. revenues from Comcast were over $2M). Comcast deployed the new PTS 24000 - Sandvine's newest product, announced last September (see here)
    
• Revenues from the NTT deal  (here) were not disclosed, but the AsiaPac revenues (17%, or CAN$3.7M) included other "significant" revenues
   
• Mr. Caputo presented continued growth with a "Global DSL an Mobile Service Provider Group, 20 properties in Latin America and Europe". Well, there is one group that excels in those two regions - Telefonica. So I am guessing it refers to the Spanish-LATAM group (including O2, their subsidiary in 5 European countries).
  
  Googling for "Telefonica-Sandvine" brings a report on Sandvine, from March 10, 2010, saying: "Much of this success has been driven through the Sandvine's re-seller agreement with Huawei and that OEM's supply contract with the Telefonica group" (here).