Enea signs agreement worth 5.3 MUSD for traffic acceleration for a leading network operator
Stockholm, Sweden, January 2, 2019 Enea® (Nasdaq Stockholm: ENEA) Enea has signed a new significant agreement with a total value of 5.3 MUSD covering software for mobile traffic management (specifically acceleration of what is known as “TCP” traffic) for a leading network operator in North America.
The software was delivered during the fourth quarter 2018, and Enea has now finalized the agreement with terms that closes the deal. The deal which is part of Enea’s expected business volume for 2018 includes both software licenses as well as associated support and maintenance, of which the license part worth 4.5 MUSD will be recognized in the fourth quarter of 2018.
The agreement covers software for mobile traffic management, which is part of Enea’s product portfolio since the acquisition of Openwave Mobility. Dramatic increase of mobile data traffic requires improved network capacity to ensure good end user experience. Eneas software for mobile traffic management ensures the most efficient use of existing network resources, and helps the operator to deliver the best possible customer experience at the lowest possible cost.
This information is information that Enea AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency
of the contact person set below, on January 2, 2019 at 10:15pm CET.
For more information visit www.enea.com/investors or contact:
Anders Lidbeck, President & CEO
Julia Steffensen, Executive Assistant
Phone: +46 70 971 03 33
Enea develops the software foundation for the connected society. We provide solutions for mobile traffic optimization, subscriber data management, network virtualization, traffic classification, embedded operating systems, and professional services. Solution vendors, systems integrators, and service providers use Enea to create new world-leading networking products and services. More than 3 billion people around the globe already rely on Enea technologies in their daily lives. Enea is listed on Nasdaq Stockholm. For more information: www.enea.com
Enea®, Enea OSE®, Netbricks®, Polyhedra®, Zealcore®, Enea® Element, Enea® Optima, Enea® LINX, Enea® Accelerator, Enea® dSPEED Platform and COSNOS® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Polyhedra® Lite, Enea® System Manager, Enea® ElementCenter NMS, Enea® On-device Management and Embedded for LeadersTM are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2019