Dubai, UAE, March 11, 2014 — Procera Networks, Inc. (NASDAQ: PKT), the world’s leading provider of network operator analytics and Big Data services enablement, today announced a strategic partnership with Emirates Integrated Telecommunications Company PJSC (du), the fastest growing telecom operator in the Middle East.
du has purchased Procera Networks’ award-winning PacketLogicTM 10000 series of products, which will enable the company to provide an enhanced customer experience and network optimisation.
Serving a diverse market, du provides market-leading quality of service and exceptional customer value through its internationally-recognised fixed and mobile networks. du has deployed PacketLogic real time analytics, information and subscriber management systems that allow for the optimal customer experience, enabling them to enjoy maximum benefits from the most recently available applications and services.
"This is a tremendous endorsement of our solutions in an incredibly competitive market for fixed and mobile services. Our partnership with du represents a leading edge relationship between two companies, whose primary objective is to enhance customer experience with access to value-based services that meet the needs of fixed and mobile customers worldwide," said Paul Gracie, Senior Vice President of Global Sales and Services at Procera Networks.
Saleem Al Balooshi, Executive Vice President of Network Development and Operation, du, said: "We are continuously searching for new ways in which we can improve our customer experience, by implementing solutions that enable us to meet their needs with reliability and added value. Our decision to partner with Procera Networks was based not only on the company’s international reputation for excellence in the field, but on our similar ethics of constantly introducing innovative solutions and upcoming features like Network Function Virtualisation. We look forward to working with Procera to deliver the very best in service quality to our customers.”
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 device. For more information, visit http://www.proceranetworks.com or follow Procera on Twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements related to Procera Networks, Inc., including statements relating to the anticipated benefits of its relationship with du, the potential applications for Procera’s products, the performance of and demand for Procera’s products, and the ability of its products to interoperate effectively with other technologies and meet the requirements of customers. 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 the Company’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 the acceptance and adoption of Procera’s products and solutions; the Company’s ability to service and upgrade its products; its dependence on a limited product line and key customers; its dependence on key employees; its ability to compete in our industry with companies that are significantly larger and have greater resources; its ability to protect its intellectual property rights in a global market; its ability to manufacture product quickly enough to meet potential demand; its ability to continue to integrate Vineyard Networks and realize anticipated benefits from the acquisition; and other risks and uncertainties described more fully in the Company’s 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 described in the "Risk Factors" sections of its Form 10-K filed for the year ended December 31, 2012 and its 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. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements in this press release are based on information available to Procera as of the date hereof, and the Company undertakes no obligation to update, amend or clarify any forward-looking statement for any reason.