Q3 Sandvine Reports Q3 2011 ResultsWaterloo, Canada; October 6, 2011 – Sandvine, (TSX:SVC; AIM:SAND) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today reported that revenue grew to a record $25.6 million in its third quarter of 2011. Revenue was up by 7% compared to the previous quarter (Q2 2011: $24.0 million) and up by 10% compared to Q3 2010 (Q3 2010: $23.3 million). The Company recorded GAAP net income of $522,000 (non-GAAP1 net income: $1.5 million). All results are reported in U.S. dollars.The DSL and wireless markets, which represented 48% and 32% of revenues respectively (cable: 18%), continue to fuel Sandvine’s revenue growth. During the third quarter, the Company also achieved record revenue of $10.7 million from the EMEA region, which represented 42% of revenue (NA: 33%; CALA: 13%; APAC: 12%).Sandvine added 12 new service provider customers in the third quarter, including eight wireless customers. Year-to-date, Sandvine has added 37 customers (including 19 wireless customers), well ahead of the 26 total customers added in FY 2010.“In a given quarter approximately 80% of our order value typically comes from follow-on business from existing customers. The accelerated pace of new customer wins this year gives us an excellent opportunity to drive follow-on business in the future,” said Dave Caputo, Sandvine's President and CEO.