Sunday, January 3, 2010

Procera Cites Major Carrier Orders

Procera Networks, a developer of Evolved Deep Packet Inspection (DPI) solutions providing traffic awareness, control and protection for complex networks, anticipates that revenue for the fourth quarter will be in the range of $9.1 million to $9.5 million, or 102% - 111% year-over-year growth.

On its third quarter earnings call on November 5, 2009, Procera provided fourth quarter guidance for revenue growth over 100% year-over-year. The company also expects to achieve profitability for the fourth quarter ending December 31, 2009.

"Throughout 2009 we executed on our corporate strategy to become the market leader in Network Traffic Management," said James Brear, president and CEO of Procera Networks. "As a result, we experienced continued momentum among major carriers and exceeded our revenue guidance for the fourth quarter."http://www.proceranetworks.comhttp://