GENBAND CEO Joins Procera Networks' Board of Directors
July 22 2010 - 9:00AM
Marketwired
Procera® Networks Inc. (NYSE Amex: PKT), a developer of Evolved DPI
solutions providing awareness, analysis, and control for network
service providers, today announced that Charles D. Vogt, President
and CEO of GENBAND, a leading developer of Internet Protocol (IP)
solutions and services, has joined Procera's board of directors.
Mr. Vogt is an industry veteran with more than 24 years of
experience advancing the evolution of next generation, global
communications networks. As CEO of GENBAND, he has successfully
executed several transformational acquisitions including the
recently completed acquisition of the substantially larger CVAS
division of Nortel. Since joining GENBAND in September 2004, he has
taken the Company from a single product to a global market-share
leader in next generation IP switching and application
infrastructure. Prior to joining GENBAND, Vogt was instrumental in
the operational and financial growth of five standard-setting
technology companies that either became public companies or were
acquired.
"Charlie brings an impressive track record of accomplishment in
the telecommunications industry and a wealth of valuable management
and industry experience that will be of great benefit to Procera as
we strategically manage our growth and industry challenges," said
James F. Brear, President and CEO of Procera Networks.
"Procera enjoys technology leadership in one of the fastest
growing and most promising networking product segments today," said
Mr. Vogt. "Over the last two years, they have evolved significantly
as a company to compete for market leadership in the DPI space. I
am pleased to join Procera's board and I will work to help
strengthen their competitive advantage and global reach."
Under Vogt's leadership, GENBAND has successfully secured
business with two-thirds of the world's marquee service providers
in the broad markets of fixed, mobile and cable operators. In
addition to his successes at GENBAND, Mr. Vogt currently serves on
the Board of Directors of Kentrox as Chairman of the Board and as a
Director for the Telecommunications Industry Association (TIA). He
is also an active member of Young Presidents Organization. Mr. Vogt
attended Saint Louis University where he earned a Bachelor degree
in Economics and played Division 1 baseball.
About Procera Networks Inc. Procera
Networks Inc. delivers Evolved DPI solutions that give service
providers 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™ (Datastream Recognition Definition Language), to provide
accurate identification of network traffic in real-time.
PacketLogic is deployed at more than 600 broadband service
providers, telcos, governments and higher education campuses
worldwide. Founded in 2002, Procera (NYSE Amex: PKT) is based in
Silicon Valley and has offices around the globe. More information
is available at www.proceranetworks.com.
About GENBAND GENBAND is a global leader
of IP applications, switching and service solutions. The company
offers the industry's most comprehensive, open, standards-based
switching portfolio, with products deployed in over 600 customer
networks and two-thirds of the world's marquee service provider
networks spanning more than 80 countries. GENBAND is headquartered
in Plano, Texas, has legal entities in nearly 50 countries and
operates product, sales and service Centers of Excellence globally.
To learn more, visit http://www.genband.com.
Safe Harbor Statement: This press release
contains forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995 (the "Act"). In
particular, when used in this press release, the words "plan,"
"confident that," "believe," "scheduled," "expect," or "intend to,"
and similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Act and are
subject to the safe harbor created by the Act. Such statements are
subject to certain risks and uncertainties and actual results could
differ materially from those expressed in any of the
forward-looking statements. Such risks and uncertainties include,
but are not limited to, the ability of Procera to commercialize the
applicable technology and introduce products and the acceptance of
those products by the market, the ability of resellers to sell the
Procera products, market conditions, the general acceptance of the
Company's products and technologies, competitive factors, timing,
and other risks described in the Company's reports and filings with
the SEC from time to time.
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 Jon Linden Procera Networks 1-408-890-7039
jon.linden@proceranetworks.com Investor Relations Contact
Charles Messman or Todd Kehrli MKR Group Inc. 323-468-2300
pkt@mkr-group.com
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