FREMONT, CA and MUMBAI, INDIA -- (Marketwired) -- 08/07/13 -- Procera Networks, Inc. (NASDAQ: PKT), the global network intelligence company, today announced that Tata Communications, a leading provider of A New World of Communications, has chosen its PacketLogic™ Intelligent Policy Enforcement (IPE) systems to enhance its mobile network operator (MNO) managed services portfolio. The company selected Procera's policy enforcement solution after a detailed evaluation of competitive products.
Tata Communications' Hosted Policy Engine (HPE) is a management and enforcement platform which offers customers reduced complexity, costs and time for deployment and ongoing operations. The hosted implementation provides a pre-integrated best-of-breed policy control infrastructure solution on a "pay for consumption" basis. The platform enables service providers to granularly manage and monetise subscriber and application traffic across heterogeneous packet networks including CDMA, GSM, LTE, WiFi, and fixed broadband.
"Procera provides the detection, analysis and enforcement component that is one of the key elements of our HPE required to provide usage-based charging for operator-defined data policy applications. The company's IPE system accurately classifies almost all information flows, including those which are often hard to track. The agile analysis and reporting capability offers our customers the ability to drill down from different angles for a thorough understanding of information flow consumption. This rich understanding and granular flow classification enables each provider to use our HPE to design and apply differentiated targeted policy control applications. These applications provide maximum value to each data subscriber and help generate exponential data revenue for the operator," said John Landau, Senior Vice President of Technology and Services Evolution at Tata Communications.
Procera's IPE system is 3GPP-compliant and equipped with standard interfaces, allowing for easy scalability to support millions of subscribers in MNO networks. PacketLogic solutions were selected by Tata Communications due the flexibility in the system to quickly configure advanced services and easily scale for large deployments, providing the optimal infrastructure for cloud-hosted and SDN-based policy management and enforcement services.
"This effort introduces a new business model to MNOs who want to quickly and economically compete with Tier 1 mobile operator service offerings, and gives us another way to monetise our core intellectual property. Procera's solutions enable rapid monetisation for new services and makes it possible for mobile operators of all sizes to participate in the significant revenue generating opportunities created by data services worldwide," said James Brear, President and CEO of Procera Networks.
About Procera Networks, Inc.
Procera Networks, Inc. (NASDAQ: PKT) delivers industry-leading network intelligence for millions of broadband connections worldwide. Procera's PacketLogic and NAVL solutions enable carrier, service provider, enterprise, and consumer networks to deliver a high quality of experience to their users through actionable intelligence and sophisticated policy enforcement. 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 anticipated revenue from a new customer 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 as well as the ability of these products and solutions to enable carrier, service provider, enterprise, and consumer networks to deliver a high quality of experience to their users. 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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