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Procera Networks, Inc. (PKT) Announces $6 Million Second Follow-On Order with Leading North American Company

|Includes: Procera Networks, Inc (PKT)
Located in Fremont, California, Procera Networks has quickly earned a reputation as a leader in the development of Intelligent Policy Enforcement (NYSEARCA:IPE) solutions. Yesterday, Procera took a major step towards prominence with the announcement they have received a $6 million second follow-on order from a leading North American Cable MSO.
 
This order comes just six months after the MSO awarded a $2 million follow-on order in April 2011. Procera’s PacketLogic technology is being deployed in all of the MSO’s geographies; replacing a leading competitor and symbolizing further growth for the young company as it expand its footprint and continues competitive replacement.
 
One of the leaders at Procera is Cam Cullen whom serves as the company’s Vice President of Global Marketing. In reference to the follow-on order, Cullen stated, “MSO’s need to understand what type of traffic and applications are driving network usage. They require reliable and detailed analytics that they can use to formulate new service plans and target demographics. Our reporting on video usage, quality of experience and popularity of content providers is priceless when growth forecasts for capital expenditures require detailed information quickly.”
 
Cullen further stated, “Our Intelligent Policy Enforcement Solutions enable operators to charge according to services, not just consumption, and to create innovative new services that are personalized according to what subscribers want.”
 
To learn more about the company as a whole, visit their corporate website at: proceranetworks.com.
 
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