Orders for analytics deployments to deliver Mobile Subscriber Experience Assurance
Fremont, CA, January 20, 2015 — Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience Company, today announced it received two orders that total several million dollars from two Tier 1 mobile operators. The operators will use PacketLogic™ products solely for the mobile network and for the subscriber analytics that are visualized via its multiple mobile-centric Perspectives solutions. The revenue from these orders is expected to be recognized in the fourth quarter of 2014 and the first quarter of 2015.
“Mobile operators are desperate to collect meaningful subscriber experience metrics so that they can deliver a superior broadband service for their customers,” said Andy Lovit, senior vice president of global sales and services at Procera. “Procera’s unique ability to correlate subscriber-based intelligence coupled with our extensive broadband experience delivers significant value to engineering, marketing, and customer care teams at mobile operators.”
Mobile operators struggle to have a comprehensive view of the overall subscriber experience that combines RAN and application-level quality of experience. Most customer experience solutions are limited by the data that is available from the existing probes deployed in the network. Procera was selected to replace the existing traditional analytics vendors because its solutions deliver visibility into the Subscriber Experience in addition to traditional mobile analytics
Procera’s Subscriber Experience analytics solutions offer operators both real-time and historical visibility into the metrics that can have the greatest impact on their customers’ experience such as insight into the cause of video stalls, slow page load times, social networking feeds not loading, or slow sync times for cloud services.
The intelligence gathered from Procera’s Perspectives (RAN, Video, Subscriber, Device, Routing, Traffic, Content, and Topology) is displayed in real-time using Dynamic LiveView or streamed using IPFix, and then stored in the PacketLogic Intelligence Center for visualization in the Insights Product family (Engineering Customer Care, and Marketing) or in an external Big Data solution.
About Procera Networks, Inc.
Procera Networks, Inc. (NASDAQ: PKT), the global Subscriber Experience company, is revolutionizing the way operators and vendors monitor, manage and monetize their network traffic. Elevate your business value and improve customer experience with Procera’s sophisticated intelligence solutions. 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 expected timing of revenue recognition, Procera’s ability to fulfill orders received, the performance of and demand for Procera’s new products and solutions, the ability of Procera’s products and solutions 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; revenue recognition rules; 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, its subsequently filed quarterly reports, 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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