Procera Networks Named to Deloitte's Technology Fast 500 for Second Year in a Row
October 19 2011 - 8:15AM
Marketwired
Procera® Networks Inc. (NYSE Amex: PKT), the intelligent policy
enforcement (IPE) company, today announced it was ranked number 109
overall on Deloitte's Technology Fast 500™, a ranking of 500 of the
fastest growing technology, media, telecommunications, life
sciences and clean technology companies in North America. Rankings
are based on the percentage of fiscal year revenue growth during
the period from 2006-2010. Procera Networks grew 962 percent during
this period.
Procera Network's chief executive officer, James Brear, credits
large follow-on orders and significant new wins with Tier-1 mobile
and cable operators for the company's 962 percent revenue growth.
He said, "We are honored to be recognized, once again, by
Deloitte's 2011 Technology Fast 500. Our ranking reflects the
technology excellence and fast time-to-market of Procera's
Intelligent Policy Enforcement products and the commitment of
Procera's employees to contribute to the company's success."
"Procera, like all 2011 Technology Fast 500™ companies, have
excelled in fostering innovation and channeling it into spectacular
growth -- against the backdrop of one of the most a challenging
economies in history," said Eric Openshaw, vice chairman and U.S.
technology, media and telecommunications leader, Deloitte LLP.
"Deloitte recognizes Procera Networks for its remarkable
accomplishment."
"We are pleased to honor Procera Networks as a 2011 technology
Fast 500 company," said Mark Jensen, managing partner, technology
and venture capital services, Deloitte & Touche LLP. "As one of
the fastest growing tech companies in North America, Procera has
demonstrated excellence in technological innovation,
entrepreneurship and rapid growth."
About Deloitte's 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche
LLP, a subsidiary of Deloitte LLP, provides a ranking of the
fastest growing technology, media, telecommunications, life
sciences and clean technology companies -- both public and private
-- in North America. Technology Fast 500 award winners are selected
based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company's operating revenues. Companies must have base-year
operating revenues of at least $50,000 USD or CD, and current-year
operating revenues of at least $5 million USD or CD. Additionally,
companies must be in business for a minimum of five years, and be
headquartered within North America.
About Procera Networks, Inc. Procera
Networks Inc. delivers Intelligent Policy Enforcement (IPE)
solutions, leveraging advanced Deep Packet Inspection (DPI)
technology, designed to enable carriers, services providers and
higher education institutions to improve the quality and lifetime
of their networks, better monetize their infrastructure
investments, control hazards, and create attractive services for
their users by making qualified business decisions based on
granular user and traffic intelligence. Procera's core product
suite, the PacketLogic line of platforms, is an engine that drives
the PCC (Policy and Charging Control) ecosystem, by enforcing
advanced network and service policies.
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.
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Press Contact Fran Lowe Engage PR for Procera Networks
510-748-8200 x.225 flowe@engagepr.com Investor Relations
Contact Charles Messman or Todd Kehrli MKR Group Inc.
323-468-2300 pkt@mkr-group.com
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