SOURCE: Procera Networks

Procera Networks

June 26, 2012 06:00 ET

Procera Receives Initial $1.4 Million Order - European MSO

PacketLogic Deployed for Network Analytics and QoE Measurements

FREMONT, CA--(Marketwire - Jun 26, 2012) - Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has received a $1.4 million initial order that originated from a European MSO for network-wide deployment of its PacketLogic™ Intelligent Policy Enforcement systems. These systems will support detailed subscriber-aware traffic analysis and reporting across the operator's subscriber base. This operator selected Procera in a competitive selection process as a replacement for an existing solution. Procera expects to recognize the majority of revenue related to this order in the second quarter of 2012.

"Procera's selection by this MSO reflects our strength in the cable market worldwide," said Paul Gracie, Vice President of Sales for EMEA at Procera. "European cable operators face intense competition for broadband services and are actively seeking solutions that can increase their visibility into subscriber Quality of Experience (QoE). With the dramatic increase in streaming traffic on broadband networks, including Wi-Fi offload from tablets and smartphones, cable operators require real-time visibility into the subscriber experience."

Cable Operators are experiencing dramatic growth in their traffic, driven not only by home-based devices, but also by mobile devices that are being used in the home. As tablets and smartphones proliferate, fixed broadband networks are increasingly being used for Wi-Fi offload in the home for streaming, social networking, and even VOIP. Procera's real-time QoE monitoring and Report Studio Analytics provides detailed visibility into the growth of this type of traffic, enabling network operators to ensure that they are delivering a high QoE to their subscribers.

About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement (IPE) solutions designed for carriers, service providers and high-end enterprises to enable proactive quality management; innovative service creation and delivery; detailed business analytics on network utilization and bandwidth consumption; and mitigate security threats. Procera's PacketLogic solutions deliver superior performance, scalability, and functionality to allow personalized services for millions of subscribers as part of the 3GPP Policy and Charging Control architecture. For more information, please visit www.proceranetworks.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the 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, 2011, and in the subsequently filed Form 10-Q filed for the quarter ended March 31, 2012. 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.

Contact Information

  • Press Contact
    Fran Lowe
    Engage PR for Procera Networks
    510-748-8200 x225
    flowe@engagepr.com

    Investor Relations Contact
    Charles Messman
    Todd Kehrli
    MKR Group Inc.
    323-468-2300
    pkt@mkr-group.com