|Page (1) of 1 - 04/10/12||email article||print page|
Procera Awarded $2 Million Follow-On Order by Tier-1 European Mobile OperatorSubscriber Growth, Personalized Services and Control of OTT Drive Continued Investment in PacketLogic(TM) Solutions (April 10, 2012)
FREMONT, CA -- (Marketwire) -- 04/10/12 -- Procera Networks, Inc. (NASDAQ: PKT), the Intelligent Policy Enforcement company, today announced it received a $2 million follow-on order from a Tier-1 European Mobile Operator. This order is the third from this operator, and supports an increase in the number of subscribers handled by the PacketLogic solutions and the deployment of video optimization to better manage OTT video streaming. The majority of this revenue is expected to be recognized in the first quarter of 2012.
"Mobile operators are experiencing continued growth in smartphone usage that is driving new, personalized services," said Paul Gracie, Procera's Vice President of Sales, EMEA. "The ease of deploying new services with the PacketLogic Subscriber Manager (PSM), including subscriber and application-aware traffic steering for video optimization, is proving to be a strategic advantage for Procera customers."
This mobile operator is expanding the PacketLogic deployment to support several new subscriber service offerings, including personalized services and tight integration with a video optimization solution. This integration has been deployed in select markets for several months, and will now be rolled out network-wide for all video traffic. The operator has also launched several other new services using Procera's Professional Services team to quickly design and deploy solutions utilizing the PSM, which they view as a critical component of their overall Policy Enforcement deployment. The PSM has enabled this operator to quickly prototype and test new service offerings to take advantage of the rapid pace of change in the mobile application landscape.
"The landscape for personalized services for mobile operators is evolving rapidly," said Cam Cullen, Vice President of Global Marketing for Procera. "Operators want to deploy personalized services that simultaneously benefit their subscribers and their network. Video optimization is a service that can reduce usage for subscribers and the network operator, and requires the advanced capabilities and insight that an Intelligent Policy Enforcement solution can provide."
For more information on Procera Networks or to purchase PacketLogic solutions, please visit www.proceranetworks.com.
Please join Procera at the Policy Control and Real Time Charging Conference, April 24-25, 2012, at the Krasnapolsky Hotel in Amsterdam. Jon Linden, Procera's Chief Strategy Officer, will participate on the panel "Perceptions of Policy Control ROI: Comparing the Payback Time of Deployment for Congestion Control vs. Generating Revenue from New Services," on April 24 at 2:40 p.m.
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.
Safe Harbor Statement
This press release contains forward-looking statements of Procera Networks, Inc, including statements relating to the expected timing of recognizing revenue and the benefits of its products and services. 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. 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.
Copyright @ Marketwire
Related Keywords: deep packet inspection, traffic shaping, packet shaping, intelligent policy enforcement, standalone, Communications, Smart Phone, Sales, Marketing, Sales & Marketing, Security, Threats, Sales, Sales, Broadcast, Streaming, Business, Marketing, PDA/Smartphone, CAD/CAM/CAE, Internet Media, Dassault Systemes, streaming, Marketwire, Inc., , Business, Other,