FREMONT, CA -- (Marketwired) -- 08/07/13 -- Procera Networks, Inc. (NASDAQ: PKT), the global Internet Intelligence company, today announced it has received a multi-million dollar expansion order from a Tier 1 service provider in Western Europe. This customer previously selected the PacketLogic™ PL20000 following extensive competitive product evaluation and testing that included many stand-alone and integrated competitors. This large expansion order highlights the ability of Procera's solutions to install quickly and scale on demand, with the PL20000 being the industry's highest performing Intelligent Policy Enforcement system available in the market today. Procera expects to recognize the revenue from this follow-on order in the third and fourth quarters of 2013.
"Once again we are able to take full advantage of a significant service provider design win and respond quickly to comply with stringent Tier 1 customer requirements, resulting in expanded use of our solutions in their network," said Paul Gracie, senior vice president of global sales and services at Procera. "The PacketLogic PL20000 has proven to be an ideal choice to exceed operator requirements for meeting both their business analytics needs and enabling innovative policy-based services."
Network operators worldwide face huge growth in broadband traffic volumes and are looking to add analytics that transform how they optimize their network infrastructure investments and extend their business models to add incremental revenue streams. The key to operators realizing their revenue goals is to make their networks more intelligent. This intelligence not only enables them to monitor bandwidth usage but lets them see in real-time the characteristics of broadband traffic generated by their subscribers, and then profile that usage in order to create profitable new sticky services that subscribers demand.
Procera delivers a policy enforcement ecosystem enabling the world's largest operators to become more agile and to capitalize on the latest in broadband applications and trends by creating innovative new personalized service plans on a massive scale. With support for up to 320 Gbps of throughput configurable per platform, multi-system performance scaling to 5 Tbps, and the capacity to handle up to ten million subscribers and 120 million active flows, the PL20000 is designed to deliver fully personalized services in a policy enforcement configuration in the most stressful network deployments.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Internet Intelligence solutions designed for carriers, service providers and enterprises worldwide. Procera's PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet connected devices. Network operators deploy Procera's technology to enable real-time visibility, superior performance and scalability, and deliver personalized services for millions of enterprises and consumers. 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 for its products. 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 in subsequent filings. 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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