Sandvine Corporation
TSX : SVC
AIM : SAND

Sandvine Corporation

December 07, 2006 02:00 ET

Sandvine Corporation: New Board Appointment

WATERLOO, ONTARIO--(CCNMatthews - Dec. 7, 2006) - Sandvine Corporation (TSX:SVC)(AIM:SAND) is pleased to announce the appointment of Mr. Kenneth James Taylor to Sandvine's Board of Directors.

Mr. Taylor, 42, is currently the chief financial officer of March Networks Corporation and has more than 20 years of financial, administrative, and operational experience with various technology companies. Prior to his position with March Networks, Mr. Taylor served as chief financial officer and chief operating officer with Proshred Security International Inc., Mr. Taylor also spent nearly 10 years with Newbridge Networks Corp., and held the position of vice president finance when Newbridge was sold to Alcatel SA for US$7 billion in 2001.

Mr. Taylor is a Chartered Accountant and holds a Bachelor of Business Administration degree from St. Francis Xavier University in Nova Scotia, Canada.

Mr. Taylor has also been appointed to the position of chair of Sandvine's audit committee.

"We are pleased to welcome Ken to Sandvine's board of directors. Ken's solid corporate finance background in the telecom and security industry, as well as his experience with March Networks, which is also listed on both the AIM and TSX exchanges is an ideal complement to our existing board and will be a valued addition to our audit committee" said Mr. Roger Maggs, Chairman of Sandvine.

"Sandvine has demonstrated its commitment to executing on its corporate development plans with its recently completed listings on both the AIM and TSX and its growing market traction," said Mr. Taylor. "I am honoured to join Sandvine's board of directors and welcome the opportunity to serve the shareholders of Sandvine Corporation in this capacity."

Sandvine's intelligent broadband network solutions give DSL, cable, FTTH, and wireless broadband service providers visibility into their network traffic in order to improve customer satisfaction, reduce operational costs, and increase profitability.

The contents of this announcement include the full disclosures required under Schedule 2, Para (g) of the AIM Rules.

ABOUT SANDVINE

Sandvine's award-winning network equipment helps DSL, cable, FTTH, and wireless broadband service providers characterize what is really happening on their networks, enabling polices that improve customer satisfaction, reduce operational costs and increase profitability. Sandvine's DPI-based policy solutions are both application and subscriber-aware, empowering service providers to better manage network traffic congestion, mitigate the proliferation of malicious traffic, and deliver QoS-prioritized multimedia services. With 65 customers in 30 countries, Sandvine is enhancing the Internet experience for millions of broadband users worldwide. Sandvine Corporation (TSX:SVC)(AIM:SAND) carries on business through its wholly-owned operating subsidiary, Sandvine Incorporated. www.sandvine.com.

Contact Information

  • Sandvine Corporation
    Amanda Weber
    Director Communications
    (519) 880-2600
    (519) 884-9892 (FAX)
    or
    Sandvine Corporation
    Scott Hamilton
    Chief Financial Officer
    (519) 880-2600
    (519) 884-9892 (FAX)
    Website: www.sandvine.com
    or
    Buchanan Communications
    Jeremy Garcia/Bobby Morse/James Strong
    + 44 20 7466 5000
    or
    Canaccord Adams
    Chris Bowman/Andrew Chubb
    + 44 20 7518 2777