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Procera Awarded $2.5 Million Fourth Follow-On Order by Tier-1 US MSO for Continued Network ExpansionOTT Video Analysis and Quality of Experience Measurements Critical to Meeting Consumer Broadband Expectations (March 27, 2012)
FREMONT, CA -- (Marketwire) -- 03/27/12 -- Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has secured a $2.5 million follow-on order from a Tier-1 US MSO. This order is the fourth follow-on from this operator, and supports a continued rollout of the PacketLogic solutions across their deployment footprint and expansion in sites where bandwidth has increased over the past six months. Procera will recognize revenue from this follow-on order in the first quarter of 2012.
"MSOs continue to require detailed analytics on how their network is delivering OTT video and other applications to their subscribers," said David Ahee, Procera's Vice President of Sales Americas. "Procera's PacketLogic Report Studio analytics has become integral to the business planning process at this MSO. Including Report Studio at no cost to broadband operators has dramatically increased the ROI for our solution."
This MSO customer is adding the expansion systems transparently into existing FlowSync and QueueSync domains to scale the deployment without complicated traffic re-routing or clustering. The ease of scaling individual sites and geographic redundancy has proven to be a key capability in enabling large-scale deployment of the PacketLogic solution. This deployment also supports the continued rollout of IPv6 services for the operator, providing visibility into IPv6 traffic and IPv6 service offerings for the business and consumer markets.
"Large deployments like this are proving the scalability and ease of expansion of the Procera solution for Tier-1 operators," said Cam Cullen, Vice President of Global Marketing for Procera. "Tier-1 operator networks require more performance and scalability out of the overall PacketLogic solution, and Procera's ability to meet these scaling challenges is the primary reason we see continued follow-on business from large customers."
For more information on Procera Networks or to purchase PacketLogic solutions, please visit www.proceranetworks.com.
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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to Procera's expectations regarding the completion of the public offering. Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the public offering. There can be no assurance that Procera will be able to complete the public offering on the anticipated terms, or at all. Additional risks and uncertainties are described in the "Risk Factors" section of our prospectus supplement and accompanying prospectus, forming a part of the registration statement on Form S-3, and other required reports, as filed with the SEC, which are available free of charge on the SEC's website at www.sec.gov or on our website at www.proceranetworks.com. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.
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