Follow-on software order delivers Parental Control services on existing PacketLogic solutions
Fremont, Calif., June 16, 2014 — Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced it has received a follow-on order for ContentLogic from an existing Tier 1 EMEA Mobile operator customer. The order is a software-only order that will be activated on the existing PacketLogic deployment, further increasing the strategic value that Procera solutions offer this operator. The ContentLogic software will be used to offer Parental Control services for underage subscribers. The revenue from this order will begin to be recognized in the second quarter of 2014.
“ContentLogic enables mobile operators to offer parents additional levels of child safety and enhance a family’s mobile broadband experience,” said Paul Gracie, senior vice president of global sales and services at Procera. “Offering Parental Control has traditionally been cost-prohibitive for large-scale deployments, and ContentLogic removes the performance and scalability barriers that are present in existing Parental Control solutions.”
The mobile operator is leveraging the capabilities of ContentLogic to offer Parental Control services to its subscribers without deploying additional hardware in the network, saving both capital and operational costs. This capability can be activated in PacketLogic deployments with a software license, requiring no upgrade and immediately offering new service options for broadband operators. Procera’s ContentLogic solution enhances both operator revenue and the subscriber experience by enabling the creation of more services that customers demand.
Procera’s solutions deliver unprecedented levels of service velocity, personalization and optimization for mobile operators, providing network assurance and the rapid creation of new business models to improve monetization of their network investments. PacketLogic platforms allow operators to deliver an enhanced experience to broadband subscribers, and are powered by the PacketLogic software suite which is designed to enable network operators to gain insights and take action on broadband traffic.
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.
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This press release contains forward-looking statements related to Procera Networks, Inc., including statements relating to the potential applications for Procera’s products, the performance of and demand for Procera’s products, the timing of revenue recognition, 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; 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, 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 the Company undertakes no obligation to update, amend or clarify any forward-looking statement for any reason.
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