| Procera Networks Named to Deloitte’s Technology Fast 500 for Second Year in a Row |
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Attributes 962 Percent Revenue Growth to Technology Excellence, Significant New Wins and Follow-On Orders from Tier-1 Mobile and Cable Operators Worldwide FREMONT, Calif., Oct 19, 2011 - Procera® Networks Inc. (NYSE Amex: PKT), the intelligent policy enforcement (IPE) company today announced it was ranked number 109 overall on Deloitte’s Technology Fast 500™, a 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 2006-2010. Procera Networks grew 962 percent during this period. Procera Network’s chief executive officer, James Brear credits large follow-on orders and significant new wins with Tier-1 mobile and cable operators for the company’s 962 percent revenue growth. He said, “we are honored to be recognized, once again, by Deloitte’s 2011 Technology Fast 500. Our ranking reflects the technology excellence and fast time-to-market of Procera’s Intelligent Policy Enforcement products and the commitment of Procera’s employees to contribute to the company’s success.” “Procera, like all 2011 Technology Fast 500™ companies, have excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most a challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Procera Networks for its remarkable accomplishment.” “We are pleased to honor Procera Networks as a 2011 technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Procera has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
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