Tier-One Cable Operator Further Extends Use of Intelligent Policy Enforcement Technology
FREMONT, Calif., Sept. 14, 2011 - Procera Networks, Inc. ("Procera") (NYSE Amex: PKT), the intelligent policy enforcement company, today announced it has received a $6 million second follow-on order from a leading North American Cable MSO. This second follow-on order comes just six months after the MSO awarded an initial $2 million follow-on order in April 2011.
Procera's PacketLogic technology is being deployed in all of the MSO's geographies, replacing a leading competitor. Procera first won the operator's business in 2010 and expects further growth as the operator expands its footprint and continues the competitive replacement.
"This significant second follow-on order reflects Procera's strength in mature markets and the growing importance of reporting and analytics capabilities for this customer," said Cam Cullen, vice president of global marketing at Procera.
"MSOs need to understand what type of traffic and applications are driving network usage. They require reliable and detailed analytics that they can use to formulate new service plans and target demographics. Our reporting on video usage, quality of experience and popularity of content providers is priceless when growth forecasts for capital expenditures require detailed information quickly," he said.
Business intelligence provided by Procera gives service providers accurate subscriber and service plan awareness that is critical to maintaining a high quality of experience and a personalized customer experience. In addition, Procera is working with the MSO to enhance its customer portals, thereby enabling a more interactive relationship with customers. This is due to the flexibility of Procera's PacketLogic Subscriber Management platform, and the ease of integrating with customer management systems.
"Our Intelligent Policy Enforcement Solutions enable operators to charge according to services, not just consumption, and to create innovative new services that are personalized according to what subscribers want," said Mr. Cullen.
The follow-on order consists of PacketLogic PL8720 series devices. Procera will recognize the revenue from this follow-on order over the next several quarters.
Procera's PacketLogic network intelligence platforms are comprised of the newest generation intelligent policy enforcement technology. They deliver the scalable performance and real-time analytics necessary for network operators to differentiate themselves by assuring subscribers a baseline quality of service and an improved quality of experience through new services. PacketLogic platforms are based on deep packet inspection technology via the company's proprietary Datastream Recognition Definition Language (DRDL™).
For more information on Procera Networks or to purchase PacketLogic solutions, please visit www.proceranetworks.com.
About Procera Networks, Inc.
Procera Networks Inc. delivers Intelligent Policy Enforcement (IPE) solutions, leveraging advanced Deep Packet Inspection (DPI) technology, designed to enable carriers, services providers and higher education institutions to improve the quality and lifetime of their networks, better monetize their infrastructure investments, control hazards, and create attractive services for their users by making qualified business decisions based on granular user and traffic intelligence. Procera's core product suite, the PacketLogic line of platforms, is an engine that drives the PCC (Policy and Charging Control) ecosystem, by enforcing advanced network and service policies.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to Procera's expectations regarding the completion of the public offering. Any 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 our 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 market conditions and satisfaction of customary closing conditions related to the public offering. There can be no assurance that Procera will be able to complete the public offering on the anticipated terms, or at all. Additional risks and uncertainties are described in the "Risk Factors" section of our prospectus supplement and accompanying prospectus, forming a part of the registration statement on Form S-3, and other required reports, as filed with the SEC, which are available free of charge on the SEC's website at www.sec.gov or on our website at www.proceranetworks.com. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements speak only as of the date hereof, and we undertake no obligation to update, amend or clarify any forward-looking statement for any reason.
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