FREMONT, CA--(Marketwire - Oct 11, 2012) - Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has been named a 2012 Leading Lights Public Company of the Year Award finalist by Light Reading. This prestigious, industry-visible nomination acknowledges Procera's business model and the momentum the company has achieved worldwide by delivering outstanding DPI-based Intelligent Policy Enforcement (IPE) to mobile, cable and fixed-line broadband service providers that rank among the largest in the world. The traction for Procera's PacketLogic™ platforms in the broadband communications market continues to be strong. Along with entry into the Application Delivery Networking market with Carrier-grade NAT and Advanced Traffic Steering products, Procera introduced five new products in 2012, including the 320 Gbps-capable PL20000 platform, the 50 Gbps-capable PL8920, and the 5 Gbps-capable PL7810.
The Leading Lights awards focus on next-generation communications technology, applications, and services, and awards top companies and their executives for their outstanding achievements. The Public Company of the Year Award recognizes the publically held firm that stands out among its competitors, innovates constantly, makes investors proud and makes employees happy.
As broadband usage increases, service providers are demanding increased accuracy and detail about how their subscribers are using their networks. Detailed analytics that incorporate subscriber, device, content, and location awareness are the key for service providers to effectively and efficiently analyze network impacts with subscriber data and application usage profiles in constant flux. This enables them to make strategic decisions in real-time about where their networks need optimization or upgrades in order to maintain a high quality of experience for their subscribers, as well as presenting opportunities for them to create innovative, personalized services by using Procera's IPE advanced policy creation capabilities.
"We are honored that Light Reading has selected Procera as a Leading Lights 2012 Public Company of the Year finalist," said James Brear, CEO and President, Procera Networks. "This selection is a tribute to our market traction and the hard work our employees contributed to delivering outstanding network solutions to our customers. Our broadband service provider customers require the scalability and effectiveness that our products and services deliver under significant traffic loads, resulting in increased value to our customers and investors."
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, 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 potential revenue and growth resulting from traction and interest from customers 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 quarterly reports on Form 10-Q. 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.