FREMONT, CA--(Marketwired - Oct 7, 2013) - Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced it has received a first-time multi-million dollar order from a large mobile operator in the Asia Pacific region. This is the third major APAC operator order that Procera has won in five months. This order is the first placed on a multi-year framework contract to provide Procera's leading edge Intelligent Policy Enforcement (IPE) solutions for deployment throughout this operator's network. The operator is experiencing rapid growth on their network, and will leverage Procera's fine-grained analytics combined with advanced policy creation capabilities to drive new services for their mobile subscribers.
"This mobile operator win underscores the business momentum we are seeing in the APAC region," said Paul Gracie, senior vice president of Global Sales and Services at Procera. "Policy-based services are a key part of this operator's business strategy as subscriber demand for higher bandwidth LTE-based broadband services expands rapidly in their region. One of their first services to roll-out will be data plan usage management, which notifies subscribers when they reach data plan quotas, and gives them the flexibility to increase their data budget in real-time."
The mobile operator selected Procera after a rigorous competitive evaluation process that demonstrated the ability of the PacketLogic solution to scale to meet their needs today and in the future. The deployment requires high performance from the IPE solution to support multiple policy-based services that are deployed in-line between their subscribers and access to the Internet. The solution will leverage the capabilities of the PacketLogic™ 8920 Real-Time Enforcement (PRE) platform.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Internet Intelligence solutions designed for carriers, service providers and enterprises worldwide. Procera's PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet connected devices. Network operators deploy Procera's technology to enable real-time visibility, superior performance and scalability, and deliver personalized services for millions of enterprises and consumers. For more information, visit www.proceranetworks.com or follow Procera on twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the anticipated timing of revenue recognition and the ability of the products and solutions provided by Procera Networks, Inc. to meet the requirements of advanced communications networks and achieve ongoing customer acceptance for its products. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of our products; our ability to service and upgrade our products; lengthy sales cycles and lab and field trial delays by service providers; our ability to obtain follow-on orders from major customers, including the mobile operator referenced in this press release; customers canceling orders; our dependence on a limited product line; our dependence on key employees; our ability to compete in our industry with companies that are significantly larger and have greater resources; our ability to protect our intellectual property rights in a global market; our ability to manufacture product quickly enough to meet potential demand; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Procera Networks' business are set forth in our Form 10-K filed for the year ended December 31, 2012 and in subsequent filings. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.