Tuesday, August 9, 2011

Procera - $4M Orders from New and Existing Tier-1 Customers; Expects 75% Growth in 2011

Procera announced "a new European Tier-1 operator win with an initial $2 million order as well as a follow-on $2 million order from an existing Tier -1 operator in North America .. The new Tier-1 win, an eastern European national telco operator, serves more than 3 million fixed-line subscribers; the follow-on order is from a major North American cable network operator [see "Procera: Cox Generated $2.2M in 2010" - here]  .. Both operators are closely managing capital expenditures, and the network analytics and sophisticated intelligent policy enforcement Procera provides have enabled them to increase their competitiveness to subscribers through intelligent pricing plans and better Quality of Experience for applications like over-the-top video. The revenue from these orders is expected to be recognized during the second half of 2011".

James Brear (pictured), president and CEO said: "In the past quarter alone, Procera has secured 20 new service provider customers, including a Tier-1 mobile operator in the APAC region, and our revenues are targeting to grow approximately 75% percent in 2011"

See "Tier-1 Customer Win and Follow-on Order Fuel Continued Growth for Procera Networks" - here.

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