Procera Networks Secures Private Investment Contribution From Long-Term Board Member Tom Saponas
September 18 2008 - 8:00AM
Marketwired
Procera� Networks Inc. (AMEX: PKT), a developer of Evolved Deep
Packet Inspection (DPI) solutions providing traffic awareness,
control and protection for complex networks, recently announced
that the company has secured $6 million in private placement
financing. The lead investor, with a $1 million contribution, is
Mr. Tom Saponas, former CTO of Agilent Corporation and a member of
Procera's Board of Directors since April 1, 2004.
"I have observed the innovation and quality of Procera's
technology and products over many years," Saponas said. "Today, the
management team and overall strategy are also aligned to deliver
the results I expect."
This investment contribution will allow Procera to accelerate
the hiring and training of Field Engineers and accelerate the
purchase of inventory for its recently announced high-end platform,
the PacketLogic PL10000.
"We are delighted with Tom's added commitment to the company,"
stated James Brear, Procera Networks' CEO. "Our objective was to do
a small, but quick and efficient financing round so as to be better
able to satisfy the increasing demand for our products."
About Procera Networks Inc.
Procera Networks Inc. delivers Evolved DPI solutions that give
service providers full awareness, control and protection of their
applications and networks. Its core product suite, the PacketLogic
line of platforms, leverages the company's advanced identification
engine, DRDL(TM) (Datastream Recognition Definition Language), to
provide identification of network traffic available today in
real-time. PacketLogic is deployed at more than 400 broadband
service providers, telcos, governments and higher education
campuses worldwide. Founded in 2002, Procera (AMEX: PKT) is based
in Silicon Valley and has offices around the globe. More
information is available at www.proceranetworks.com.
Procera Networks is a registered trademark, and PacketLogic and
DRDL are trademarks of Procera Networks Inc. All rights reserved.
All other products or brands mentioned are trademarks and/or
service marks of their respective owners.
Press Contact Jay Nichols Sterling Communications 1-415-992-3210
jnichols@sterlingpr.com Investor Relations Contact John Liviakis
Liviakis Financial Communications, Inc 1-415-389-4670
john@liviakis.com
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