FREMONT, CA--(Marketwire - Jul 24, 2012) - Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced a $4.2 million order for more than 100 PacketLogic™ Intelligent Policy Enforcement (IPE) systems that have been deployed by a major U.S. incumbent local exchange carrier (ILEC). These systems support detailed subscriber-aware traffic analysis and reporting across much of the carrier's fixed-line subscriber customers to maintain a high level of subscriber Quality of Experience in its rapidly growing nationwide broadband network. Procera expects to recognize most of the revenue related to this order in the second quarter ending June 30, 2012.
The carrier selected Procera due to the analytics capabilities embedded in the PacketLogic system, as well as the option to deploy Carrier Grade NAT as its network expands and it experiences IPv4 address shortages. The carrier had previously deployed a competing solution in its network that Procera has fully replaced.
"The challenge that fixed-line service providers in the United States are facing is providing high-bandwidth broadband data services to subscribers across larger, less densely populated geographic areas," said David Ahee, Vice President of Sales Americas at Procera. "The solution requires that they cost-effectively build out large distributed networks supporting millions of subscribers while maintaining a high level of subscriber satisfaction. Procera PacketLogic platforms are extremely well-suited to this task. Our solutions provide cost-effective, distributed network awareness coupled with real-time, network-wide traffic analysis, which enable the providers to achieve their business and operational goals."
This carrier is leading the market as a fixed-line provider, deploying 3GPP Policy and Charging (PCC) systems in its core network, which signals the market trend toward fixed-line service providers adopting advanced 3GPP wireless network elements. This future-proofs their network and also enables them to create innovative personalized services in combination with the policy enforcement capabilities of PacketLogic IPE systems. Procera used its 3GPP Interoperability Lab in this case to ensure smooth integration between Procera's PacketLogic Subscriber Manager (PSM) and the customer's PCC systems, enabling the carrier to generate additional revenue growth via per-user service plans.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement (IPE) solutions designed for carriers, service providers and high-end enterprises to enable proactive quality management; innovative service creation and delivery; detailed business analytics on network utilization and bandwidth consumption; and mitigate security threats. Procera's PacketLogic solutions deliver superior performance, scalability, and functionality to allow personalized services for millions of subscribers as part of the 3GPP Policy and Charging Control architecture. For more information, visit www.proceranetworks.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the 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, 2011, and in the subsequently filed Form 10-Q filed for the quarter ended March 31, 2012. 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.