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Technology Stocks : Allot Communications Ltd (ALLT)
ALLT 9.630+0.3%Oct 31 9:30 AM EDT

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From: JakeStraw8/1/2011 8:24:46 AM
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"We are pleased to report another solid growth quarter, as demand for Allot's solutions continues to grow across an increasing number of service providers throughout the world, particularly among Tier 1 mobile and fixed operators," commented Rami Hadar, Allot Communications' President and Chief Executive Officer. "The Service Gateway has become a leading solution to meet the ever-increasing challenge our customers face in managing mobile data. We continue to explore ways to increase the breadth and functionality of the Service Gateway platform through additional partnerships as well as through M&A opportunities."

Recently, the Company achieved the following significant goals:

  • Added 5 new service providers, located throughout the world, to its growing customer list;
  • During the quarter, received orders from 18 large service providers, of which 5 represented new customers and 13 represented expansion deals;
  • Signed the first contract with a Russian Tier 1 operator through its partnership with Nokia Siemens Networks.
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