Procera Networks Ranked # 1 Fastest Growing Networking Company
October 20 2010 - 8:00AM
Marketwired
Procera® Networks Inc. (NYSE Amex: PKT), a developer of Evolved
Deep Packet Inspection (DPI) solutions providing traffic awareness,
control and protection for complex networks, today announced that
it ranked number 1 fastest growing networking company and number 19
overall on Technology Fast 500™, Deloitte's 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 2005-2009. Procera Networks grew 7,794 percent
during this period.
Procera Network's chief executive officer, James Brear credits
rapid adoption of PacketLogic™ products for the company's 7,794
percent revenue growth. He said, "We are honored to be recognized
by Deloitte's 2010 Technology Fast 500. Our ranking reflects the
speed at which customers have recognized the benefits and invested
in Procera's DPI products, and the dedication of Procera's
employees in developing and delivering DPI solutions that address
the needs of Tier 1 mobile and broadband network operators as well
as higher education institutions worldwide."
"Procera Networks and the other 2010 Technology Fast 500™
winners forged ahead in a challenging economic environment to
realize exceptional growth," said Phil Asmundson, vice chairman and
Deloitte's U.S. technology, media and telecommunications leader.
"Deloitte commends Procera Networks for this impressive
accomplishment."
"Procera Networks has proved itself to be one of the fastest
growing tech companies in North America, and we are proud to honor
them as one of the 2010 Technology Fast 500™," said Mark Jensen,
managing partner, venture capital services, Deloitte & Touche
LLP.
Overall, Technology Fast 500™ award winners for 2010 had revenue
growth ranging from 146 percent to 164,079 percent from 2005 to
2009, with an average growth of 2,361 percent. For additional
detail on the Technology Fast 500™ including selection and
qualifying criteria, visit www.fast500.com.
About Procera Networks Inc. Procera®
Networks Inc. delivers Evolved DPI solutions that give service
providers awareness, control and protection of their applications
and networks. Its core product suite, the PacketLogic™ line of
platforms, leverages the company's advanced identification engine,
DRDL™ (Datastream Recognition Definition Language), to provide
accurate identification of network traffic in real-time.
PacketLogic is deployed at more than 600 broadband service
providers, telcos, governments and higher education campuses
worldwide. Founded in 2002, Procera (NYSE Amex: PKT) is based in
Silicon Valley and has offices around the globe. More information
is available at www.proceranetworks.com.
As used in this document, "Deloitte" means Deloitte LLP. Please
see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries.
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 Diana Loredo Procera Networks
1-408-890-7039 diana.loredo@proceranetworks.com Investor
Relations Contact Charles Messman or Todd Kehrli MKR Group Inc.
1-323-468-2300 pkt@mkr-group.com
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