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Procera Receives $2.0 Million Follow-on Order From Eastern European Tier 1 Fixed-Line OperatorFully Configured PacketLogic(TM) PL10000s Deployed to Reduce Internet Interconnect Costs and Deliver New Subscriber Services (July 10, 2012)
FREMONT, CA -- (Marketwire) -- 07/10/12 -- Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced that it has received a $2.0 million follow-on order from a leading fixed-line operator in Eastern Europe. This order was placed through a key business partner in the region. The operator is using PacketLogic Intelligent Policy Enforcement (IPE) systems to monitor network traffic on its peering uplinks operating at 10s of Gbps in its network, enabling substantial CapEx savings by identifying unauthorized network usage. The operator is also using the systems to generate incremental service plan revenues by creating innovative new broadband service features and personalized tiered service plans for Internet subscribers on its fixed access network. Procera expects to recognize the majority of revenue related to this order in the second quarter of 2012.
"This operator continues to acquire our PacketLogic IPE systems because of their proven ability to analyze large-scale data traffic volumes in real-time on its network's high-speed peering uplinks to significantly reduce costs," said Paul Gracie, Vice President of Europe, Africa, and the Middle East (EMEA) at Procera. "This is especially challenging in a large scale network utilizing many international interconnect uplinks where the operator needs to identify unauthorized network usage, even in the case where data flows may be asymmetrical and transit multiple uplinks to avoid detection. Since the Procera IPE system is designed to scale and handle the heavy traffic volumes without suffering latency and throughput degradation when recognizing asymmetric traffic, the Procera solution is ideally suited for this network environment."
Several Procera PacketLogic features used together offer service providers like this a unique solution for managing expensive network uplink resources. PacketLogic Border Gateway Protocol (BGP) peering capabilities use BGP-derived information, enabling service providers to perform peering analysis on uplinks. By analyzing the destinations for each service and flow, BGP provides important insights into upstream link routing preferences and utilization, such as differentiating between on-net versus off-net traffic and domestic vs. international traffic. This enables traffic to be managed in real-time by the PacketLogic Real-time Enforcement (PRE) platform. BGP peering and application statistics can be reported in real-time to ensure that traffic is managed according to policies established. Procera's FlowSync capability identifies asymmetric traffic flows so that appropriate policies are applied, scaling across multiple systems regardless of geographical location.
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, please visit www.proceranetworks.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the timing of revenue recognition and the ability of the products and solutions provided by Procera Networks, Inc. to meet the requirements of advanced communications networks and achieve customer acceptance for its 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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