Procera Networks Named Winner of Broadband Traffic Management Award
(Marketwire Via Acquire Media NewsEdge) FREMONT, CA -- (Marketwire) -- 11/08/12 --
Procera Networks, Inc. (NASDAQ: PKT), the intelligent policy enforcement company, today announced it has been named winner of the "2012 Broadband Traffic Management Award: Most Innovative New Service Launch Enabled by Traffic Management." This distinguished award recognizes creative solutions utilized by carriers to increase revenue and overall customer satisfaction. Procera's PacketLogic™ platforms and intelligent policy enforcement (IPE) solutions were recognized as a key enabler of inexpensive mobile Voice over IP (VoIP) calls, and personalized services and pricing deployed by Yoigo, a leading wireless telecommunications provider in Spain.
"We are honored to accept this award that recognizes the cutting-edge nature of Procera's IPE solutions, and our ability to enable service providers to launch profitable, innovative new services," said Paul Gracie, vice president of sales EMEA at Procera. "Yoigo's use case is just one example of how Procera's solutions can help our customers provide new demand-driven services for their broadband subscribers, and is testament to our company, and our employees' commitment to innovation and staying ten steps ahead of the competition."
This award tops what has been a banner year for Procera so far, as the company unveiled carrier-grade NAT and Advanced Traffic Steering products, as well as the 320 Gbps-capable PL20000 platform, the 50 Gbps-capable PL8920, and the 5 Gbps-capable PL7810; with all of these products capable of running the company's new Report Studio featuring real-time customizable network analytics reports. Procera's industry leading signature recognition capability and 3GPP policy and charging control architecture enables service providers to rapidly rollout consumer customized, profitable, new, differentiated services.
Yoigo deployed Procera's solutions to enable VoIP BONO service, offering mobile VoIP calls for an average cost of 1 cent per minute, and the Top Up portal for subscribers who have reached the limit on their data plan, allowing them to recharge their mobile broadband data accounts in real time. Since Procera's solutions were deployed on Yoigo's network, the company has experienced a 72 percent acceptance rate of its mobile data up-sell option, there has been a 50% year-on-year increase in subscriber base, and the cost of implementing this project with Procera's solutions was paid back within just a few weeks.
The Broadband Traffic Management Awards were established in 2009 to celebrate and give recognition to some of the achievements made by those in the traffic management industry. These prestigious awards give winners and shortlisted companies a mark of quality, innovation and leadership. Winners were chosen by a panel of senior industry analysts from Heavy Reading, Yankee Group, Ovum, Wireless Explorers, and Informa Telecoms & Media.
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 or follow Procera on Twitter at @ProceraNetworks.
Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements, including statements relating to potential revenue and growth resulting from traction and interest from customers 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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