|By Marketwired .||
|January 29, 2013 06:01 AM EST||
FREMONT, CA -- (Marketwire) -- 01/29/13 -- Procera Networks, Inc. (NASDAQ: PKT), the global intelligent policy enforcement company, today announced it has secured a multi-million dollar initial order from a Tier 1 Middle Eastern converged Fixed line and Mobile network operator. The operator is experiencing significant traffic growth across both fixed and mobile networks, and selected Procera to provide growth capability in the network core. The operator selected Procera's PacketLogic PL10000 platform for the network deployment throughout its footprint. Procera expects to recognize the revenue from this initial order in the first half of 2013.
"Converged Fixed/Mobile operators are looking for Intelligent Policy Enforcement solutions that can support both fixed and mobile deployments simultaneously," said Paul Gracie, vice president of sales, EMEA at Procera. "This requires flexible solutions that can scale performance as well as subscribers and service capacity, and this operator selected Procera to replace their existing solution in order to meet their rapidly growing network demands."
The operator initially evaluated and selected the PL10000 for its traffic management capabilities to ensure a high quality of experience for its customers. The deployment has evolved to take advantage of the sophisticated network and subscriber analytics provided by the PacketLogic Intelligence Center and the PacketLogic Report Studio to create Intelligent Charging solutions across both fixed and mobile networks. This operator will also be utilizing Procera's ContentLogic product to perform content analytics and offer value-added services to their subscribers while offering Intelligent Charging services based on 3GPP standards. Using ContentLogic and other Procera analytics, the operator is able to quickly determine the services that are popular with its subscribers, and design new sticky service plans and marketing campaigns for its customers. The operator is also utilizing the Advanced Traffic Steering capabilities of the PL10000, steering specific subscriber and application traffic to value added service solutions.
According to Analysys Mason's latest forecast report for the region, The Middle East and North Africa telecoms market: trends and forecasts 2012-2017, Telecom revenue in the Middle East and North Africa is predicted to increase some 27 percent between 2012 and 2017, representing a compound annual growth rate (CAGR) of 5 percent, with revenue heading from $70.3 billion in 2011 to $96.4 billion in 2017. Mobile data is driving a lot of the growth, with handset data revenue predicted to jump 17.9 percent CAGR between 2012 and 2017.
Procera's ContentLogic product is currently in trials worldwide, and will be generally available in Q2 2013. To speak with a Procera representative and see a product demonstration, stop by Procera's booth at Mobile World Congress in Barcelona, February 25-28, 2013, Hall 5 - Stand 5D30. To find out more about Procera and ContentLogic, email email@example.com or visit www.proceranetworks.com.
About Procera Networks, Inc.
Procera Networks, Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement solutions designed for carriers, service providers and enterprises worldwide. Procera's PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality of 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 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 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.
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