Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from Jim Kennedy from Marathon Capital. Please go ahead.
Jim Kennedy - Marathon Capital
A question for you. Could you share with us to the extent you can in situations or either in your pipeline currently, what your success rate has been in terms of competitive bidding. You mentioned early on that you've seen some vendors prefer to stay with some larger vendors etcetera. In those deals that you have won, can you tell us a little bit what the competitive situation was?
Doug Sabella
Sure. Let me give you color on two different examples. First of all, in general we have a very good win rate. As I said earlier from a technology standpoint, we will generally win the technology take off, all right? And you get down to then, relationships etcetera.
Let me give you two different colors. In one, I refer to a Tier I carrier in Asia, where we have actually just gone live. We actually competed against Alcatel-Lucent for that deal, and they actually operate the network as a managed services contract, and we actually won the deal and deployed the switch etcetera.
You can win to become seeded, and tough. A recent launch that we had though was at a Tier 1 player in Latin America, where fundamentally we won the technology they got, but the Chinese government had the $2 billion of development funds to the customer and they chose Huawei, so that is kind of the two sides of the coin.
I would say in general though, our win rate is actually fairly good, it's well above 50%. The challenge is just deal flow and getting people moving from RFP process actually signing the contract etcetera.
Jim Kennedy - Marathon Capital
Okay, very good, appreciate it.
Ron Vidal
Thanks, Jim.
Operator
(Operator Instructions). We are showing no questions at this time. I'd like to turn the call back over to Mr. Ron Vidal for any closing remarks.
Ron Vidal
Yes. First of all, I want to thank everyone for their interest in our quarter and look forward to reporting our future results. Thank you.
Operator
Thank you, all very much for participating in the Veraz Networks' conference call. This concludes today's event. You may disconnect your lines at this time. Thank you.
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