SOURCE: Procera Networks

September 18, 2008 08:00 ET

Procera Networks Secures Private Investment Contribution From Long-Term Board Member Tom Saponas

LOS GATOS, CA--(Marketwire - September 18, 2008) - Procera® Networks Inc. (AMEX: PKT), a developer of Evolved Deep Packet Inspection (DPI) solutions providing traffic awareness, control and protection for complex networks, recently announced that the company has secured $6 million in private placement financing. The lead investor, with a $1 million contribution, is Mr. Tom Saponas, former CTO of Agilent Corporation and a member of Procera's Board of Directors since April 1, 2004.

"I have observed the innovation and quality of Procera's technology and products over many years," Saponas said. "Today, the management team and overall strategy are also aligned to deliver the results I expect."

This investment contribution will allow Procera to accelerate the hiring and training of Field Engineers and accelerate the purchase of inventory for its recently announced high-end platform, the PacketLogic PL10000.

"We are delighted with Tom's added commitment to the company," stated James Brear, Procera Networks' CEO. "Our objective was to do a small, but quick and efficient financing round so as to be better able to satisfy the increasing demand for our products."

About Procera Networks Inc.

Procera Networks Inc. delivers Evolved DPI solutions that give service providers full awareness, control and protection of their applications and networks. Its core product suite, the PacketLogic line of platforms, leverages the company's advanced identification engine, DRDL™ (Datastream Recognition Definition Language), to provide identification of network traffic available today in real-time. PacketLogic is deployed at more than 400 broadband service providers, telcos, governments and higher education campuses worldwide. Founded in 2002, Procera (AMEX: PKT) is based in Silicon Valley and has offices around the globe. More information is available at www.proceranetworks.com.

Procera Networks is a registered trademark, and PacketLogic and DRDL are trademarks of Procera Networks Inc. All rights reserved. All other products or brands mentioned are trademarks and/or service marks of their respective owners.

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