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PKT-great news out-FREMONT, CA, Jan 14 (Marketwired) --
Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence
company, today announced it has received a first-time, multi-million
dollar order from a Tier 1 EMEA mobile operator. This operator owns ~40%
market share in their home market, and is aggressively deploying advanced
services that require a higher level of Internet Intelligence for both
analytics and enforcement. Procera believes it was selected due to its
performance and network and subscriber visibility advantages over the
competition, and will replace the incumbent supplier in the network going
forward. PacketLogic solutions, including the 320Gbps PL20000, will be
used to perform network and subscriber analytics, customer experience
assurance, and intelligent charging services that will enable innovative
new service offerings for the mobile operator. This order was booked in
the fourth quarter of 2013 and the associated revenue recognition is
expected in the first half of 2014.
"Procera is pleased to be selected by this Tier 1 mobile operator after a
very competitive bid and selection process," said Paul Gracie, senior
vice president of global sales and services at Procera. "Mobile operators
worldwide are looking to gain better insights into the changing nature of
their subscriber's mobile data consumption, and Procera delivers the most
scalable solution for analytics and enforcement."
Procera's IPE system is 3GPP-compliant and equipped with standard
interfaces, allowing for scalability to support tens of millions of
subscribers in 3GPP MNO networks. Procera's ability to provide fine-grain
context to mobile analytics through its PacketLogic Subscriber Manager
and PacketLogic Intelligence Center products was a critical factor in the
selection criteria for this deployment. The operator also plans to deploy
revenue-generating services with the PacketLogic solutions, and Procera's
scalability and performance for a large, geographically diverse
deployment was a key technical advantage for Procera.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT)
delivers Internet Intelligence solutions to service providers and network
equipment manufacturers for analytics and enforcement of broadband
traffic worldwide. Procera's solutions provide actionable intelligence
and policy enforcement to ensure a high quality experience for any
Internet and network connected devices. 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
anticipated 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.
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, 2012 and our Form 10-Q filed for the quarter
ended September 30, 2013, and other reports filed with the SEC, which are
available free of charge on the SEC's website at http://www.sec.gov or on
Procera's website at http://www.proceranetworks.com. 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
Bob Eastwood
Engage PR for Procera Networks
510-748-8200 x215
[e-mail]
Investor Relations Contact
Nicole Noutsios