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Procera Networks Names Patrick Duncan VP of APAC SalesBrings Proven Sales Management Leadership and Significant Strategic Relationships (June 19, 2012)
FREMONT, CA -- (Marketwire) -- 06/19/12 -- Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced that Patrick Duncan has joined the company as Vice President, Asia Pacific Sales and Services.
"Patrick brings extensive experience and expertise within the international communications industry where he has forged significant strategic relationships," said Brian Ahearn, Senior Vice President of Worldwide Sales at Procera. "Specifically, he has proven himself throughout the Asia Pacific region, which analysts forecast to grow faster than other regions in implementing DPI solutions. We look forward to Patrick's sales management leadership as we continue to grow Procera's global presence."
Mr. Duncan comes to Procera from CloudShield Technologies where as General Manager of APAC Sales, he built a regional business from zero presence to establishing customers, partners and revenue in Australia, Korea, Japan, India and Singapore. He has 15 years of senior management experience in telecom and high tech sales, professional services, and product development, including serving at Lucent Technologies, where he created the first indirect channel program for APAC generating $130 million in revenue. He also served as the managing director/COO at Avaya and as Vice President of APAC sales at Alvarion, Inc., in addition to other management, sales and consultant roles with wireless broadband companies.
"I am excited to have the opportunity to be part of a company with the technology, timing and roadmap to take it to the top," said Mr. Duncan. "Procera's reputation for technology excellence and business value is well known throughout the industry, including in the Asia Pacific region. Broadband network operators are ramping up their investments to meet subscriber demand for 3G/LTE enabled network services and Procera aims to play a big role in enabling that growth."
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 growth in the Asia Pacific and China region and for purchasing and investments by broadband network communications customers service providers for network upgrades and for the products of Procera Networks to be purchased as part of network upgrades. 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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