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Procera Receives $2 Million Third Follow-On Order From Leading North American Cable MSOTier-1 Cable Operator Further Extends Use of Intelligent Policy Enforcement Technology (January 18, 2012)
FREMONT, CA -- (Marketwire) -- 01/18/12 -- Procera Networks, Inc. ("Procera") (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has received a $2 million follow-on order from a leading North American Cable MSO. This third follow-on order comes just three months after the MSO awarded a $6 million follow-on order in September 2011.
"This third follow-on order reflects Procera's strength in the MSO markets and the movement towards service delivery based on the analytics provided by Report Studio," said Cam Cullen, vice president of Global Marketing at Procera. "Operators continue to face an explosion in bandwidth usage and their performance and scalability requirements are growing daily."
"Cable operators are continuously looking for new and innovative business models to better serve their customers. Personalized services are a key option to add value to their customers," said Brian Ahearn, VP of Worldwide Sales for Procera. "PacketLogic Intelligent Policy Enforcement Solutions provide operators with the granularity and accuracy that they require to run their business and deliver personalized solutions that are better aligned with their customers' expectations."
Procera's PacketLogic solutions enable operators to create personalized services on a scale not possible before. Delivering personalized services requires not only application identification, but also performance and scalability for throughput, subscribers, services, policy transactions, statistics, and accounting. Systems that cannot deliver this will hamper revenue growth and artificially constrain service launches.
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 continued growth. 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 Procera's 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, actions taken and decisions made in pursuit of growth and those risks and uncertainties included from time to time in documents Procera files with the Securities and Exchange Commission. 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 Procera undertakes no obligation to update, amend or clarify any forward-looking statement for any reason.
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