Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT) delivers Intelligent Policy Enforcement solutions designed for carriers, service providers and enterprises worldwide. Procera's PacketLogic solutions provide actionable intelligence and policy enforcement to ensure a high quality experience for any Internet connected devices. Network operators deploy Procera's technology to enable real-time visibility, superior performance and scalability, and deliver personalized services for millions of enterprises and consumers. For more information, visit www.proceranetworks.com or follow Procera on twitter at @ProceraNetworks
P: 510-748-8200 x225
Vineyard Networks Inc.
Vineyard Networks delivers next-generation Deep Packet Inspection technology to network infrastructure vendors around the world. Vineyard's NAVL DPI engine is an OEM solution powering today's application aware platforms, from next-generation Firewalls to Mobile Telco Gateways. NAVL inspects and analyzes network data in real-time providing accurate detection of today's most popular applications with the ability to extract metadata and application attributes from the network traffic. For more information, please visit www.vineyardnetworks.com
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not historical facts may be considered "forward-looking statements." These forward-looking statements include, but are not limited to, statements regarding: the transaction, including closing and the timing of closing and the expected benefits of the transaction; operating the Vineyard business following the transaction; expectations regarding the financial impact of the acquisition on Procera, including our revenue and EPS; the expected size of the markets to be addressed by Procera's and Vineyard's products; and our ability to deliver superior visibility and enable a variety of use cases. These statements are based on current expectations of future events. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors including, but not limited to: the risk that the transaction described above is not completed or is delayed; the risk that the transaction may involve unexpected costs; the risk that benefits of the transaction described above are not realized; the effect of competitive factors and our reactions to those factors; risks related to our integration of Vineyard's operations and employees; the acceptance and adoption of our products; our ability to service and upgrade our products; lengthy sales cycles and lab and field trial delays by service providers; our dependence on a limited product line; our dependence on key employees; our ability to compete in our industry with companies that are significantly larger and have greater resources; our ability to protect our intellectual property rights in a global market; our ability to manufacture product quickly enough to meet potential demand; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact our business are set forth in our Form 10-K filed for the year ended December 31, 2011, and in the subsequently filed quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
Charles Messman or Todd Kehrli