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Tier 1 Western European Service Provider Deploys Procera Networks' PacketLogic 20000 Platforms
FREMONT, CA, Dec 11, 2012 (MARKETWIRE via COMTEX) --
Procera Networks, Inc. (NASDAQ: PKT), the global intelligent policy
enforcement company, today announced it has received a follow-on $1.3
million order from a Tier 1 multi-system operator (MSO) in Western
Europe. This operator serves broadband subscribers across its
countrywide footprint as part of its residential triple play service
offerings. This customer first installed Procera PacketLogic(TM)
10000 platforms in 2008 and with this order, is upgrading to the
PacketLogic 20000 to take advantage of its industry-leading
throughput capacity, massive scalability and high availability
features. Procera expects to recognize the majority of revenue from
this order in the fourth quarter of 2012, and the first quarter of
2013.
"This operator was one of Procera's first service provider customers
and this order re-affirms their commitment to our solutions with the
deployment of our latest technology," said Paul Gracie, Vice
President of Europe, Africa, and the Middle East (EMEA) at Procera.
"They have seen increasing usage in their broadband Internet services
and decided to make network investments today that will continue to
serve their needs into the future. Their key requirements, with all
their experience factored in, included the need to scale and handle
heavy traffic volumes in robust, high availability configurations to
ensure that they are always gathering network intelligence. In the
highly competitive market service providers are facing now, real-time
detailed network analytics are crucial to optimizing their business
models."
Network operators worldwide face huge growth in broadband traffic
volumes and are looking to add analytics that transform how they
optimize their network infrastructure investments and extend their
business models to add incremental revenue streams. The key to the
realization of these operator goals is to make their networks more
intelligent. This intelligence not only enables operators to monitor
bandwidth usage but also lets them see in real-time the
characteristics of broadband traffic generated by their subscribers,
and then profile that usage in order to create new services that
benefit subscribers.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT)
delivers Intelligent Policy Enforcement (IPE) solutions designed for
carriers, service providers and high-speed enterprises worldwide 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 or
follow Procera on twitter at @ProceraNetworks.
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 quarterly reports on Form 10-Q. 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.
Press Contact
Fran Lowe
Engage PR for Procera Networks
510-748-8200 x225
flowe@engagepr.com
Investor Relations Contact
Charles Messman or Todd Kehrli
MKR Group Inc.
323-468-2300
pkt@mkr-group.com
SOURCE: Procera Networks
mailto:flowe@engagepr.com
mailto:pkt@mkr-group.com
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