Procera Networks, Inc. (PKT) on Track for 75% Rev Growth in 2011 with New and Recent Contract Wins
Procera Networks, Inc., an intelligent policy enforcement company, today announced its new contract with an eastern European national telecom operator, as well as a follow-on order with a major North American cable network operator, for an aggregate contract price of $4 million. The company said the contracts reflect its significant progress and rapid growth leveraged by its growing network intelligence combined with its high-tech platform, PacketLogicâ?¢. Procera said that PacketLogicâ??s scalability was a deal maker for the European and North American operators, which are both closely managing their capital expenditures while increasing their competitiveness to subscribers. Procera's customer base spans…