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Procera Awarded $3 Million Follow-On Order by Tier-1 North American MSOReport Studio Network Analytics Driving Business Decisions (May 29, 2012)
FREMONT, CA -- (Marketwire) -- 05/29/12 -- Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has received a $3 million follow-on order from a leading North American Cable MSO for continued geographic expansion of the MSO's PacketLogic deployment. Procera will recognize about half of the order as revenue in the second quarter of 2012.
"This follow-on order reflects Procera's continuing success in the MSO market in North America," said David Ahee, Vice President of Sales Americas at Procera. "Our customers continue to leverage the analytics capabilities of Report Studio and the enforcement capabilities of our products to ensure that a high Quality of Experience is delivered to customers, especially for streaming traffic."
Cable operators are continuing to see a growth in their traffic. Consumers today have more devices than ever before, and multiple devices are active on the network, often streaming video simultaneously. MSOs need to understand the types of devices that are streaming, the rates that these devices are streaming, and the quality that is being delivered to the end users.
PacketLogic Report Studio, which is provided as part of the PacketLogic Intelligence Center, allows network operators to drill down into their network and achieve detailed understanding of subscriber, device, application, and location-based analytics. PacketLogic Report Studio delivers print-ready analytics reports that can include executive overviews, detailed technical analysis, and even the performance of different content delivery networks, which enables the operators to dramatically increase subscriber Quality of Experience.
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 expectations for the timing of revenue recognition, success in the MSO market, MSO needs, broadband traffic growth, and the performance and benefits from the use of our 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.
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