"Todd's insight and understanding of global service providers will be critical to our growth as the DPI market continues to expand dynamically," said James F. Brear, Procera's CEO. "Todd has a proven track record in all regions of the world and we're thrilled to have him join the board. His credentials and accomplishments will be invaluable in building the Procera brand."
Abbott spent almost nine years with Cisco, his last position there as EMEA Group VP of Service Provider Sales. He also led sales teams in APAC, where he helped build the business by more than 60 percent year-over-year, and when overseeing EMEA, he directed a team of 800 to increasing business in the region to more than $2 billion. Abbott most recently served as EVP of Sales, Marketing and Customer Service at Seagate Technology, where he led three units of its hard drive business. His marketing responsibilities spanned corporate, channel and segment, while his customer service tasks included pre-sales and technical support, customer logistics and warranty service. Prior to that, he was SVP of Worldwide Sales at Symbol Technologies, a provider of enterprise mobility solutions. He also served in various sales and sales management positions during his 13 years at IBM.
"With today's announcement of the PacketLogic PL10000, Procera is enabling Tier-1 carriers to monetize their investments and truly become a service provider in every sense of the word," said Abbott. "This is an exciting win for the company and I look forward to the opportunity to share my experience and contribute to its future success."
Abbott joins a seasoned management team led by Brear, and includes current Procera board members Todd Williams, current CFO at Bandwidth9; Scott McClendon, former president and CEO of Overland Storage; Tom Saponas, a former SVP at Agilent (HP) Technologies; Staffan E.S. Hillberg, the CEO of private equity group Scandinavian Financial Management AB; and Mary M. Losty, a general partner at Cornwall Asset Management LLC.
About Procera Networks Inc.
Procera Networks Inc. delivers Evolved DPI solutions that give service
providers full 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 the most accurate
identification of network traffic available today in real-time. PacketLogic
is deployed at more than 400 broadband service providers, telcos,
governments and higher education campuses worldwide. Founded in 2002,
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.
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