Collaboration with Openet Enables One of the Leading Mobile Operators in APAC to Optimize its Network Experience
FREMONT, Calif., Feb. 21, 2013 - Procera Networks, Inc. (NASDAQ: PKT), the global intelligent policy enforcement company, today announced that the one of the fastest growing mobile operators in APAC has selected Procera's PacketLogic™ solutions combined with Openet Policy Manager technology to enhance its network service experience.
The partnership between Procera and Openet enables the operator to optimize mobile data network performance for all subscribers, and to control network costs. Procera and Openet are working together worldwide to help operators meet the needs of mobile subscribers. As more consumers begin to rely on their smartphones for everyday tasks, policy solutions deliver an improved experience by enabling them to monitor data consumption in real-time, set personal alerts, and purchase additional data entitlement.
Through this Policy Management implementation, Openet and Procera have made it possible for the operator to experience significant data ARPU and subscriber growth in the APAC region.
"The shift to LTE provides network operators an opportunity to offer high-value personalized services to mobile broadband consumers," said James Brear, president and CEO at Procera. "Our work in APAC with Openet leverages both companies' leading edge technology and scalability to deliver high quality mobile broadband services to their subscribers."
"The rollout of LTE is driving investments in policy and charging control systems to facilitate the launch of value based pricing and to prepare for more complex network services such as service passes for data roaming," said Niall Norton, CEO at Openet. "Our work with Procera for this LTE operator proves the importance of these investments for business growth and improved customer satisfaction."
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement solutions designed for carriers, service providers and enterprises worldwide. Procera's PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet connected devices. Network operators deploy Procera's technology to enable real-time visibility, superior performance and scalability, and deliver personalized services for millions of enterprises and consumers. For more information, visit www.proceranetworks.com or follow Procera on twitter at @ProceraNetworks.
Since the introduction of mobile data services in 1998, Openet has helped service providers capitalize on opportunities and overcome challenges. With competitive pressure accelerating, today's service providers rely on Openet software to evolve business models around networking smartphones, M2M devices and third party services. Openet's portfolio combines policy and charging control with device and third party interaction to enable innovative charging models, to control operating cost and to personalize services. More than 80 of the world's largest service providers in 28 countries use Openet's high performance software. For more information, please visit www.openet.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to the potential applications and demand for Procera's products, the performance of its products and the ability of its products to meet the requirements of customers. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause Procera's results to differ materially from those expressed or implied by such forward-looking statements, including risks related to the acceptance and adoption of Procera's products; Procera's ability to service and upgrade its products; lengthy sales cycles and lab and field trial delays by service providers; Procera's dependence on a limited product line; Procera's dependence on key employees; Procera's ability to compete in its industry with companies that are significantly larger and have greater resources; Procera's ability to protect its intellectual property rights in a global market; Procera's 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 Procera's Form 10-K filed for the year ended December 31, 2011, and in its 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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