|By Marketwired .||
|January 14, 2014 06:00 AM EST||
FREMONT, CA -- (Marketwired) -- 01/14/14 -- Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced it has received a first-time, multi-million dollar order from a Tier 1 EMEA mobile operator. This operator owns ~40% market share in their home market, and is aggressively deploying advanced services that require a higher level of Internet Intelligence for both analytics and enforcement. Procera believes it was selected due to its performance and network and subscriber visibility advantages over the competition, and will replace the incumbent supplier in the network going forward. PacketLogic solutions, including the 320Gbps PL20000, will be used to perform network and subscriber analytics, customer experience assurance, and intelligent charging services that will enable innovative new service offerings for the mobile operator. This order was booked in the fourth quarter of 2013 and the associated revenue recognition is expected in the first half of 2014.
"Procera is pleased to be selected by this Tier 1 mobile operator after a very competitive bid and selection process," said Paul Gracie, senior vice president of global sales and services at Procera. "Mobile operators worldwide are looking to gain better insights into the changing nature of their subscriber's mobile data consumption, and Procera delivers the most scalable solution for analytics and enforcement."
Procera's IPE system is 3GPP-compliant and equipped with standard interfaces, allowing for scalability to support tens of millions of subscribers in 3GPP MNO networks. Procera's ability to provide fine-grain context to mobile analytics through its PacketLogic Subscriber Manager and PacketLogic Intelligence Center products was a critical factor in the selection criteria for this deployment. The operator also plans to deploy revenue-generating services with the PacketLogic solutions, and Procera's scalability and performance for a large, geographically diverse deployment was a key technical advantage for Procera.
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 devices. 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 anticipated timing of revenue recognition and the ability of the products and solutions provided by Procera Networks, Inc. to meet the requirements of advanced communications networks and achieve customer acceptance. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of our products; our ability to service and upgrade our products; lengthy sales cycles and lab and field trial delays by service providers; our dependence on a limited product line; our dependence on key employees; our ability to compete in our industry with companies that are significantly larger and have greater resources; our ability to protect our intellectual property rights in a global market; our 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 our Form 10-K filed for the year ended December 31, 2012 and our Form 10-Q filed for the quarter ended September 30, 2013, 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. 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.
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