FREMONT, CA--(Marketwired - Aug 28, 2013) - Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced it has received an initial multi-million dollar order from a Tier 1, top 5 Latin American mobile network operator (MNO). LTE mobile operators continue to experience rapid subscriber growth worldwide and need the network analytics and innovative services that Procera can deliver with proven scalability for tens of millions of subscribers. This operator selected Procera's PacketLogic™ Intelligent Policy Enforcement (IPE) Procera due to the fine-grained, subscriber-aware analytics and advanced policy-based solutions, so that they can monetize their LTE investments and maintain their subscriber's quality of service and experience. Initial revenue is expected to be recognized in the second half of 2013.
"The Latin American mobile market is a high growth region for policy enforcement solutions," said Paul Gracie, senior vice president of global sales and services at Procera. "The mobile operators are looking to gain better insights into the changing nature of their subscriber's mobile consumption and Procera delivers the most scalable solution for analytics and enforcement, enabling MNOs to optimize Capex while offering sticky new services that decrease churn and increase revenue generation."
Procera's IPE system is 3GPP-compliant and equipped with standard interfaces, allowing for scalability to support tens of millions of subscribers in 3GPP MNO networks. Procera's ability to provide fine-grain context to mobile analytics through the PacketLogic Subscriber Manager and the PacketLogic Intelligence Center was a critical factor in the selection criteria for this deployment. The operator also plans to deploy revenue-generating services with PacketLogic solutions, and Procera's scalability and performance for a large, geographically diverse deployment was a key technical advantage for Procera.
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 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 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 quarterly 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.