Co-innovation agreement to deliver parental control for network functions virtualization using the CloudBand NFV Platform to speed adoption of network virtualization infrastructure
FREMONT, Calif., May 13, 2014 — Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced that it has joined the CloudBand Ecosystem Program created by Alcatel-Lucent to accelerate network functions virtualization (NFV) deployments. Procera will integrate its NFV solutions into the CloudBand NFV Platform for orchestration, automation, and optimization of virtual network functions across a service provider’s distributed network. The initial use case will deliver solutions for fixed and mobile operators that leverage NFV to deliver highly targeted and personalized parental control.
“Alcatel is delivering market-ready solutions for deployment by network operators,” said Michael Kay, vice president of strategic partnerships for Procera Networks. “We consider the CloudBand NFV Platform one of the premier orchestration and automation solutions available today, and have designed our NFV portfolio for easy integration with NFV orchestration systems.”
“CloudBand is about delivering solutions to the NFV community,” said Valerie Noto, director of Alcatel-Lucent’s CloudBand Ecosystem. “Procera adds Internet intelligence and parental control capabilities to the CloudBand Ecosystem that enhance the solutions for operators building smarter networks using NFV and software-defined networking.”
Alcatel-Lucent’s NFV portfolio combines its networking technical acumen with its cloud capabilities to help guide customers through the complex virtualization journey without compromising operational performance and integrity. It is already working with 20 service providers as they begin to leverage NFV in their networks. NFV appeals to service providers now because it allows them to innovate more quickly and easily while providing the best return on their investments in an all-IP network infrastructure such as LTE. It enables network automation and efficient use of resources for rapid scaling up and down of services. Procera’s solutions allow network operators to gain insights into their networks and subscribers, and take action to deliver a more compelling broadband experience to their 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 performance of and demand for Procera’s products, 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 Procera’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; Procera’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; 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’s business are described in the "Risk Factors" sections of its Form 10-K filed for the year ended December 31, 2013 and its Form 10-Q filed for the quarter ended March 31, 2014 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 Procera undertakes no obligation to update, amend or clarify any forward-looking statement for any reason.
Bob Eastwood, Engage PR for Procera Networks, 510-748-8200 x215, email@example.com
Investor Relations Contact
Nicole Noutsios, NMN Advisors, Inc., 510-315-1003, firstname.lastname@example.org