Enea Signs Contract for Traffic Management Worth USD 2 Million
Enea has signed a contract for traffic management with a service provider in North Africa. The solution is part of the customer’s modernization of mobile and fixed broadband and enables efficient management of services and data traffic, along with enhanced quality of experience. The agreement includes software licenses, professional services, and product support. Software licenses corresponding to a value of USD 1.4 million are recognized in the third quarter of 2023, while remaining parts of the agreement are delivered during the coming year. The total contract value is USD 2.0 million.
“The new contract reconfirms our market-leading position in Traffic Management,” says Jan Häglund, President and CEO of Enea. “We see a large potential for this technology in the ongoing modernization of communication networks in the Middle East and Africa, where service providers want to offer customized services with enhanced quality of experience for their subscribers.”
Enea’s traffic management solutions alleviate radio network congestion, improve network speeds as well as video quality of experience, and help mobile and fixed operators monetize encrypted data traffic. The portfolio supports 5G and includes the Enea 5G Service Engine, the Enea Integra NFV Platform, the Enea TCP Accelerator, and the Enea Virtual Load Balancer. Enea’s open and cloud-native products are used by network operators worldwide, including 8 of the 10 largest mobile operator groups.
Ola Burmark, Chief Financial Officer
Phone: +46 8 507 140 00
E-mail: [email protected]
Enea is a world-leading specialist in software for telecom and cybersecurity. The company’s cloud-native solutions connect, optimize, and secure services for mobile and fixed subscribers, enterprises, and the Internet of Things. More than 100 communication service providers and 4.5 billion people rely on Enea technologies every day.
Enea has strengthened its product portfolio and global market position by integrating a number of acquisitions, including Qosmos, Openwave Mobility, Aptilo Networks, and AdaptiveMobile Security.
Enea is headquartered in Stockholm, Sweden, and is listed on Nasdaq Stockholm.
For more information: www.enea.com