Before Procera Disappears from the Public Eye

With the public tender for Procera Networks stock (see "Procera to be Acquired for $11.50/Share (Current Price $9.51)" - here and here), Q1 is probably the last quarter in which we get the financial results of the 3 leading pure-play DPI vendors.

So, let's enjoy it while we can ..

Q1 2015 market share is very similar to full 2014. Sandvine leads, and Allot Communications shows a small decline.

Procera filling to the SEC for Q1 (here), disclosed that "For the three months ended March 31, 2015, revenue from Itochu Techno-Solutions Corp. represented 14% of net revenue, British Telecommunications plc represented 13% of net revenue, and revenue from Shaw Communications, Inc. and one other customer each represented 11% of net revenue with no other single customer accounting for more than 10% of net revenue. For the three months ended March 31, 2014, no customer accounted for more than 10% of net revenue".

Procera 10% Customers - Shaw Communications and Others

   

In its SEC filing for Q3, 2013 (here) Procera Networks states the following (see also "Procera: "We have 16 direct trials with Tier 1 global service providers" - here):

• For the three months ended September 30, 2013, revenue from two customers represented 33% and 11% of net revenue, respectively, with no other single customer accounting for more than 10% of net revenue [Shaw Communications not listed]
   
• For the nine months ended September 30, 2013, revenue from Shaw Communications, Inc. represented 13% of net revenue [$6.9M], and two other customers represented 13% and 11% of net revenue, respectively, with no other single customer accounting for more than 10% of net revenue
   
• For the three months ended September 30, 2012, revenue from Shaw Communications, Inc. and a second customer represented 16% [$2.5M] and 24% of net revenue, respectively, with no other single customer accounting for more than 10% of net revenue
   
• For the nine months ended September 30, 2012, revenue from Shaw Communications, Inc. and a second customer represented 17% [$7.3M] and 10% of net revenue, respectively, with no other single customer accounting for more than 10% of net revenue.

See also "Procera's Q1: 39% of Revenues from Cox and Shaw" - here and "How much Shaw Communications Spent on DPI?" - here.