Sandvine Innovation Creating Jobs

 
Sandvine Innovation Creating Jobs
 
 
 

May 10, 2010 3:00 PM

McGuinty Government Supports Leading-Edge Technology In Waterloo

Ontario is helping a leader in Information and Communications Technology (ICT) develop the next generation of network solutions, while creating up to 75 new positions, and retaining 195 high-value jobs.

Waterloo-based Sandvine is an award-winning provider of Internet equipment and software that helps network operators to:

  • Better understand network traffic,
  • Manage network congestion,
  • Create new services,
  • Mitigate malicious traffic,
  • Deliver sensitive multimedia traffic with a high degree of quality and reliability. 

Sandvine is developing new products that will help network operators create new service plans and manage network traffic.  These products will improve Internet subscribers' experience and meet growing consumer demand for high-bandwidth, quality-sensitive applications, like streaming video.

Ontario is providing a grant of up to $25.5 million as part of Sandvine's total investment of nearly $170 million over five years.  This investment supports the province's five-year Open Ontario plan to create new job opportunities and help promote economic growth.

QUICK FACTS

 
  • With customers in more than 80 countries, serving over 300 million fixed and mobile subscribers, Sandvine has been identified by industry analyst Infonetics Research as the leader in its market.
  • Sandvine has been named one of "The Best Workplaces in Canada" for four consecutive years.
  • In 2007, the co-founders of Sandvine were honoured with the Ernst and Young Entrepreneur of the Year award in the technology category for their success and dedication.
  • As a result of business tax cuts and the move to a harmonized sales tax, the tax on business investment in Ontario is being cut in half, making Ontario businesses more competitive.

CONTACTS

  • Leigh-Ann Popek
    Minister's Office
    416-325-0362
    leigh-ann.popek@nullontario.ca
  • Mark Ingram
    Communications Branch
    416-325-4776
    mark.ingram@nullontario.ca



Ministry of Economic Development and Innovation
ontario.ca/economy


 

"We are committed to helping innovative companies develop and commercialize new products they can sell to the world, while creating high-value jobs here in Ontario. As a government we are determined to make the province a global leader in ICT and digital media."

 – Sandra Pupatello
Minister of Economic Development and Trade

"Our skilled workforce, commitment to innovation and competitive business environment not only generates homegrown success stories, like Sandvine, it also helps Ontario businesses compete in global markets and encourages them to continue to invest in the province."

 – John Milloy
Minister of Research and Innovation, Minister of Training, Colleges and Universities, and MPP for Kitchener Centre

"When an industry leader, like Sandvine, invests in the province, business decision-makers around the world take notice. Today's announcement is exciting news for Sandvine, its employees, and the residents of Waterloo Region."

 – Leeanna Pendergast
MPP for Kitchener-Conestoga

"The Government of Ontario continues to demonstrate its commitment to Ontario as a leading technology centre. The province's support gives Sandvine a tremendous opportunity to continue to advance our research and development activities right here at home in Waterloo."

 – Dave Caputo
President and Chief Executive Officer, Sandvine

 
 
 
 Print this page