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Procera Awarded $3 Million Follow-On Order by Tier-1 US MSO to Support Network ExpansionSuperior Analytics of Procera's New PacketLogic(TM) Report Studio Enables Customers to Better Manage Network Capacity and Capabilities Around Netflix and Video Streaming (November 14, 2011)
FREMONT, CA -- (Marketwire) -- 11/14/11 -- Procera Networks, Inc. ("Procera") (NYSE Amex: PKT), the intelligent policy enforcement company, today announced a $3 million follow-on order from a Tier-1 US MSO.
"This follow-on order represents an expanded deployment of Procera's PacketLogic solution set across more geographies for this service provider," said Cam Cullen, Vice President of Global Marketing at Procera. "Early use of Procera's new PacketLogic Report Studio analytics and business intelligence software is helping this provider with advanced service planning as they expand."
"One area in particular that this customer has been monitoring is Netflix and video streaming, and they are now actively managing capacity and capabilities with the information provided via PacketLogic Report Studio," said David Ahee, Procera's Vice President of Sales Americas.
"Procera's granular, business-ready intelligence reporting is critical to the operator's service planning and introduction of new service offerings," Ahee continued. "Their ability to extract detailed business intelligence, to run a variety of scenarios to design, and to deliver new pricing models and offerings with assurance and confidence is a growing necessity and something of a 'holy grail' for the industry."
The customer is also beginning an IPv6 deployment, for which Procera is providing new analytics and data feeds into existing security solutions to save the operator on CAPEX for new IPv6-capable solutions in existing routers.
"The ability to rapidly produce custom reports that provide data and guidance on which to base traffic engineering and congestion management decisions is very powerful for our customers," added Cullen. "We see growing demand for IPv6 intelligence and adoption from existing and new users as they look to take an even more proactive approach to network management."
Availability of Procera's new PacketLogic Report Studio was publicly announced today, and is included at no additional charge with the PacketLogic Intelligence Center package.
For more information on Procera Networks or to purchase PacketLogic solutions, please visit www.proceranetworks.com.
About Procera Networks, Inc.
Procera Networks Inc. delivers Intelligent Policy Enforcement (IPE) solutions, leveraging advanced Deep Packet Inspection (DPI) technology, designed to enable carriers, services providers and higher education institutions to improve the quality and lifetime of their networks, better monetize their infrastructure investments, control hazards, and create attractive services for their users by making qualified business decisions based on granular user and traffic intelligence, delivered through PacketLogic Report Studio. Procera's core product suite, the PacketLogic line of platforms, is an engine that drives the PCC (Policy and Charging Control) ecosystem, by enforcing advanced network and service policies.
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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