Last $10.03 USD
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As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

procera networks inc (PKT) Snapshot

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09/27/13 - $15.86
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05/5/14 - $8.33
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procera networks inc (PKT) Details

Procera Networks, Inc. provides intelligent policy enforcement solutions based on deep packet inspection technology that enable mobile and broadband network operators and entities to manage and control their private networks. The company’s products include PacketLogic Subscriber Manager that integrates PacketLogic with network management and operation systems, as well as enables policy enforcement, per-user tracking, and location awareness; and PacketLogic Intelligence Center, which provides the visualization of the application and subscriber intelligence gathered by deployed PacketLogic systems. Its products also comprise PacketLogic Real-Time Enforcement platform that utilizes various hardware platforms running the same operating software; and Network Application Visibility Library, a DPI software engine, which provides real-time Layer-7 classification of network traffic, as well as enables application identification and metadata extraction. The company markets its products under PacketLogic and NAVL brand names. In addition, it offers pre- and post-sales technical support to its direct field sales organization, channel partners, and customers; professional services for planning, implementation, and deployment; customer services for support post-deployment; training; and consulting services to assist in various service phases from initial planning and evaluation to onsite testing and operation. The company serves cable multiple system operators, Internet service providers, telecommunications companies, educational institutions, commercial enterprises, and government and municipal agencies. Procera Networks, Inc. sells its products through its direct sales force, resellers, distributors, system integrators, and other equipment manufacturers in the Americas, the Asia Pacific, and Europe. It has a strategic partnership with Emirates Integrated Telecommunications Company PJSC (du). The company was founded in 2002 and is headquartered in Fremont, California.

205 Employees
Last Reported Date: 03/11/14
Founded in 2002

procera networks inc (PKT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $360.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2013.

procera networks inc (PKT) Key Developments

Procera Networks, Inc. Provides Impairment Charge Guidance

On September 15, 2014, Procera Networks, Inc. concluded that it will be required to record an impairment charge to write-down the carrying value of its goodwill and intangible assets recorded as part of the company's 2013 acquisition of Vineyard Networks, Inc. Under generally accepted accounting principles, when indicators of potential impairment are identified, companies are required to conduct a review of the carrying amounts of goodwill and other long-lived assets to determine if impairment exists. As a result of lower than anticipated total addressable market and revenue growth of Vineyard's Network Application Visibility Library products, the Company has begun an impairment review of its NAVL intangible assets and goodwill, and currently estimates that it will record a write-down in the range of $10 to $16 million (on a pre-tax basis) and that the write-down will result in future cash expenditures in the range of $100,000 to $200,000, related primarily to severance obligations.

Procera Networks Receives $5 Million in Initial Orders from Tier 1 European MSO

Procera Networks, Inc. announced $5 million in initial orders from a Tier 1 European MSO that represents the second large initial customer orders in company history. Procera was selected primarily due to its Subscriber Experience solutions that enable the multi-system operator (MSO) to deliver high quality broadband services even during times of heavy congestion. The Service Plan Assurance solution offered by Procera demonstrated a superior ability to pinpoint subscriber experience issues and resolve them in real time. Most of the revenue from the initial orders is expected to be recognized in the second half of 2014. This MSO conducted extensive field testing of competitive products to replace the incumbent vendor. Procera was able to demonstrate all of the use cases that were requested by the customer using real traffic at high performance levels with all functionality activated in the PacketLogic(TM) solutions. Procera was also able to show superior visibility into the services running on their network through the use of its Insights analytics tools that leverage data from PacketLogic products deployed in their network. Procera's Service Plan Assurance solutions combine topology, location, subscriber, service, and application awareness to ensure that MSOs and other broadband operators can manage traffic fairly while delivering a high quality of experience to different consumer or business applications for subscribers.

Procera Networks, Inc. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 03:45 PM

Procera Networks, Inc. Presents at Oppenheimer 17th Annual Technology, Internet & Communications Conference, Aug-12-2014 03:45 PM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States. Speakers: James F. Brear, Chief Executive Officer, President and Director.


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