Waterloo, Canada; July 8, 2008 – Sandvine Corporation, (TSX:SVC; AIM:SAND) a leading provider of intelligent broadband network solutions for DSL, cable, FTTx, fixed wireless and mobile operators, today reported second quarter revenue of $11.1 million. Net loss was $4.6 million, or $0.034 per diluted share, which includes $1.2 million attributable to non-cash, acquisition-related expenses and stock-based compensation.

Sandvine won 12 new customers in the second quarter – matching a record for the Company.

Dave Caputo, Sandvine’s President and Chief Executive Officer, said, “This was a positive quarter for Sandvine in many respects. It was our best quarter in terms of revenue from the DSL market, and for the first time one of Sandvine’s major global reseller partners contributed over 10 percent of total revenue. Also, the EMEA region had its strongest revenue quarter ever.”

However, delays in certain opportunities impacted the results for the quarter and the Company’s ability to rely upon the material assumptions underlying its 2008 annual...[more]