Delivers the first comprehensive carrier-class NFV solution for Intelligent Policy Enforcement based on ETSI Network Functions Virtualization Standards
FREMONT, Calif., August 6, 2013 — Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced the launch of Virtualized PacketLogicTM solutions based on the European Telecommunications Standards Institute (ETSI) Network Functions Virtualization (NFV) standards. The complete PacketLogicTM solution will be available to network operators in a virtualized “appliance” package, reducing the cost of acquisition and ownership for Internet Intelligence solutions.
"The main promise of NFV is to benefit from commodity pricing of IT hardware, reduced power consumption and moving to a much faster service delivery method based on downloading software appliances as opposed to installing new hardware appliances," said Paul Veitch, chief network strategist at British Telecom.
“Virtualization is a natural evolution of the PacketLogic architecture,” said Alexander Havang, chief technology officer for Procera. “Procera has always maintained hardware independence, and has delivered the highest performing solutions available on the market using off-the-shelf hardware technology. We have used virtualization extensively internally, and our customers are asking to deploy this in their networks today. Speed to market with new services and the ability to deliver targeted niche services also becomes a much simpler and more rapid process.”
“We’ve been noting a definite interest among operators toward virtualizing their policy decision and enforcement functions as a way to reduce costs and bring services to market more quickly,” said Shira Levine, Directing Analyst, Service Enablement and Subscriber Intelligence at Infonetics Research. “We believe that this trend will accelerate as Software Defined Networking (SDN) begins to gain traction, driving demand for DPI technology that can mine intelligence from the network and feed it up to the control layer.”
The Virtual PacketLogic solutions will offer the same software functionality as the current hardware platforms used by hundreds of network operators worldwide. Any hardware solution that can run standard-based virtualization software can be deployed with the PacketLogic solution modules (PSM, PRE, and PIC), including deployments that run all of the modules on a single hardware platform. Furthermore the performance and scalability of the solutions can easily be upgraded by adding more CPU and memory to the virtual machine. The Virtual PacketLogic solutions can be used for any portion of the lifecycle of a Policy Enforcement deployment from the initial functional evaluation, trial deployment, service rollout, bandwidth expansion, or geographic expansion, lowering the cost of acquisition of IPE technology as well as the operational cost. The Virtual PacketLogic solutions will be available for trial in the third quarter of 2013, and are expected to be generally available by the end of 2013.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Internet Intelligence solutions designed for carriers, service providers and enterprises worldwide. Procera’s PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet connected devices. Network operators deploy Procera’s technology to enable real-time visibility, superior performance and scalability, and deliver personalized services for millions of enterprises and consumers. 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 potential applications and demand for Procera’s products, the performance of its products and the ability of its products to operate effectively with other technologies and hardware platforms and meet the requirements of customers. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause Procera’s results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of Procera’s products; Procera’s ability to service and upgrade its products; lengthy sales cycles and lab and field trial delays by service providers; Procera’s dependence on a limited product line; Procera’s dependence on key employees; Procera’s ability to compete in its industry with companies that are significantly larger and have greater resources; Procera’s ability to protect its intellectual property rights in a global market; Procera’s 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 Procera’s Form 10-K filed for the year ended December 31, 2012, and in its subsequently filed quarterly reports. 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 for Procera
Bob Eastwood, Engage PR for Procera Networks, 510-748-8200 x215, firstname.lastname@example.org
Investor Relations Contact for Procera
Nicole Noutsios, NMN Advisors, Inc., 510-315-1003, email@example.com