FREMONT, CA--(Marketwire - Sep 6, 2012) - Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced the election of Mr. Alan B. Lefkof to its Board of Directors, effective August 27, 2012.
Mr. Lefkof brings a wealth of industry knowledge, most recently serving as corporate vice president and general manager at Motorola, Inc. and then at its spinoff, Motorola Mobility Holdings, Inc., where he led the Broadband Solutions Group from 2007 through 2010 and then the Software Solutions Group until February 2012. Prior to that, he served as a director and as president and chief executive officer of Netopia, Inc., a developer of broadband networking equipment and carrier-class software for the remote management of broadband services until its acquisition by Motorola in February 2007.
"We welcome Alan to Procera's Board of Directors," said James F. Brear, president and CEO of Procera Networks. "His market expertise in carrier grade broadband solutions and networking, and his strong business acumen and overall leadership, will be valuable assets to leverage as we continue to grow our business."
Prior to Netopia, Mr. Lefkof served as president of Farallon Communications Inc., a local area networking company. He was also president of the GRiD Division of Tandy Corporation, where he led the enterprise division for personal computers and laptops. Mr. Lefkof began his career at global management consulting firm McKinsey & Company, Inc.
For more information on Procera Networks, please visit www.proceranetworks.com.
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 continued growth of Procera Networks, Inc. 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 quarterly reports on Form 10-Q. 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.