PROCERA

PROCERA NETWORKS
Official Website: http://www.proceranetworks.com/
Official about page: [ ]
Country: Please specify country
Location: 4121 Clipper Court, Fremont, CA 94538 United States
Founded: 2002
Business: Deep Packet Inspection, Tracking location, Filtering
Contact
Phone: 510-230-2777
Fax: 510-656-1355

Background

"Procera Networks, Inc. (PKT:NASDAQ GM) provides intelligent policy enforcement (IPE) solutions that enable mobile and broadband network operators and entities managing private networks, including higher education institutions, businesses, and government entities (collectively referred to as network operators) to gain improved visibility into, and control of, their networks.

The company’s solutions provide granular network intelligence intended to enable network operators to improve the quality and longevity of their networks, monetize their network infrastructure investments, control security hazards and create, commercialize and deploy new applications and services for their users.

The company’s products are marketed under the PacketLogic brand name. It sells its products through its direct sales force, resellers, distributors, and systems integrators in the Americas, Asia Pacific, and Europe. The company has its sales office in Japan.

• Customers

The company sells its products and solutions both directly and indirectly to its end-customers.

As of December 31, 2011, it had approximately 600 customers throughout North America, Europe, and Asia. Its customers include mobile and broadband network operators.

Broadband network operators include telecommunications companies and private network operators. Its customers either serve subscriber customers or operate private networks, such as a university campus, or enterprise or government agency networks.

Its network operator customers include mobile service providers, broadband service providers, cable multiple system operators, Internet service providers, educational institutions, enterprises, and government agencies.

The company’s major customers include Shaw Communications, Inc. and Jet Infosystems.

• Research and Development

The company’s research and development costs were $4.6 million for the year ended December 31, 2011.

• Competition

The company’s primary competitors include Allot Communications Ltd.; Arbor Networks (acquired by Tektronix); Blue Coat Systems; Cisco Systems, Inc.; Cloudshield Technologies (acquired by SAIC); Brocade Communications Systems; Juniper Networks; and Sandvine Corporation. It also competes with Alcatel-Lucent, Ericsson, Huawei Technologies Company, and Nokia Siemens.

• Products and Solutions

The company’s solutions empower broadband providers with the ability to support various subscribers and services on their network with IPE systems. Its IPE solutions support levels of awareness and a universe of applications, enabling richer services to be offered to consumers.

Its analytics provide relevant business intelligence reports that enable broadband and mobile operators to understand consumer trends and respond to the application landscape. Businessweek

Products

• Product Lines

The company’s IPE solutions are powered by its three primary product lines:

PacketLogic Subscriber Manager (PSM)

The PSM integrates PacketLogic with network management and operation systems, including AAA, OSS, BSS, provisioning and policy managers. This integration enables policy enforcement, per-user tracking, also known as user awareness, as well as knowledge of where in the network the user connects (location awareness). User awareness could be utilized to create personalized offerings for new customers through value-add services. Location awareness makes it possible to resolve, or even avoid, congestion, improving the user-experience. It could also control roaming costs through automatic policy enforcement.

PacketLogic Intelligence Center (PIC)

PIC with PacketLogic Report Studio provides the visualization of the application and subscriber intelligence gathered by deployed PacketLogic systems. Utilizing the subscriber and location awareness provided by the PSM and the application intelligence provided by the PacketLogic Real-Time Enforcement Platform (PRE), the PIC is able to present a wealth of information to the network operator based on the behavior of their network. The PIC gives network managers access to relevant network traffic intelligence that enables network optimization, creation of appealing services, and protection against malicious behavior.

PRE

PRE utilizes multiple hardware platforms that run the same operating software offering high performance and capacity. Each of the platforms offers features enabled through the different PacketLogic software modules, including LiveView, Filtering, Traffic Shaping, and Statistics.

The PacketLogic hardware platforms offer a range of configurations from the entry-level 4 Mbps PL5600 through 2 Gbps PL7720. The mid-range PL8720 is a 2RU unit with up to 10Gbps throughput.

The company’s ATCA chassis solutions include the PL10000 series with capacity up to 120Gbps and 10 million subscribers per system in addition to the PL20000 with capacity up to 320Gbps and 10 million subscribers.

• Global Services

The company’s products and solutions are supported by its suite of services that include both pre- and post-sales technical support to its direct field sales organization, channel partners and customers;

professional services for planning, implementation and deployment;

customer services for support post-deployment;

training for its customers for use of its IPE products and solutions;

and consulting services to assist in all service phases from initial planning and evaluation to onsite testing and operation. Businessweek

Reports

• Delivers the most precise DPI Procera Networks

• Deep Packet Inspection seeking alpha

People Responsible

Board Members

• James Brear, CEO, President and Director of Procera Networks Inc. since February 6, 2008

Age: 45

Mr. James F. Brear served as its Interim Chief Financial Officer of Procera Networks Inc. from April 2009 to May 11, 2009. He has over 18 years of experience in the networking industry. Mr. Brear has extensive sales management experience. He earned high ranking on the Red Herring Top 100 list of private companies and the No. 1 spot on Light Reading's Top 10 list of private firms.

Mr. Brear served as Vice President of Sales for Foundry Networks Inc. from April 28, 2004 to July 2004.

He served as Vice President for Worldwide Sales and Customer Support of Bivio Networks, Inc. from July 2006 to January 2008.

From September 2004 to July 2006, he served as Vice President of Worldwide Sales of Tasman Networks Inc., a leader in converged services routing platforms acquired by Nortel.

Mr. Brear served as Vice President for worldwide sales of 10 Gigabit Ethernet switch vendor Force10 Networks Inc. from March 2002 to April 2004.

He spent five years at Cisco Systems from July 1997 to March 2002., where he held as Operations Director for Service Provider sales for Europe, Middle East and Africa.

He served in senior sales management positions at IBM and Sprint Communications.

Mr. Brear holds a Bachelor of Arts degree from University of California, Berkeley.

• Scott McClendon

Chairman of the Board and Chairman of Nominating & Governance Committee, Overland Storage Inc. Age: 71

Mr. Scott McClendon served as the President and Chief Executive Officer of Overland Storage Inc., (also known as Overland Data, Inc.) from October 1991 to March 2001. Mr. McClendon served as an Interim President and Interim Chief Executive Officer of Overland Storage Inc. from November 2, 2006 to August 7,2007. He has been a business consultant since June 2001. He served as an Officer of Overland and employee until 2001. Mr. McClendon served at Hewlett-Packard Company for over 32 years in various positions in engineering, manufacturing, sales and marketing. He served as General Manager of the San Diego Technical Graphics Division and Site Manager of Hewlett-Packard in San Diego, California. Mr. McClendon has been the Chairman of Procera Networks Inc. since November 2007. He serves as the Chairman of the San Diego United Way Drive. He serves as Chairman and Independent Director of Overland Storage Inc. and previously served as its Executive Chairman from March 2001 to August 2007. He served as the Chairman of the Board of CEYX Technologies Inc. Mr. McClendon has been a Director of Procera Networks Inc. since March 1, 2004. He has been an Independent Director of SpaceDev Inc. since July 19, 2002. He has been a Director of SiCommNet, Inc. since December 2003. He served as an Executive Director of Overland Storage Inc. since 1991. He served as Director of CEYX Technologies, Inc. Mr. McClendon is committed to education and has been on the University of California, San Diego Jacobs School of Engineering Advisory Council. He received several industry honors including Executive of the Year, 2001 by the University of California, San Diego's Engineering School. Mr. McClendon holds a Bachelor of Science Degree in Electrical Engineering in June 1960 and a Master of Science Degree in Electrical Engineering in June 1962 from Stanford University School of Engineering.

• Thomas Saponas

Independent Director, Chairman of Compensation Committee and Member of Audit Committee, Procera Networks, Inc. Age: 62

Mr. Thomas (Tom) A. Saponas served as Senior Vice President and Chief Technology Officer of Agilent Technologies Inc. from August 1999 to October 2003. Mr. Saponas served as Vice President and General Manager of Hewlett-Packard's Electronics Instrument Group, a holding company of Agilent Technologies Inc., from June 1998 to April 1999. Mr. Saponas had a 27 year career with Hewlett Packard and served as its served as General Manager of the Lake Stevens Division from August 1997 to June 1998 and General Manager of the Colorado Springs Division from August 1989 to August 1997. Mr. Saponas has been a Director of Procera Networks Inc. since April 1, 2004. He has been a Director of Keithley Instruments Inc. since February 13, 2006. He serves as a Director of nGimat Co. Mr. Saponas serves on the Scientific Advisory Board of Centre Tecnologic de Telecommunicacions de Catalunya. He serves as a Director of the El Paso County Red Cross Organization. He served as a Director of Time Domain Corporation. Mr. Saponas also serves on the National Institute of Standards and Visiting Committee for Advanced Technology. He has been involved in technology education and served on the Naval Research Advisory Committee and on the Scientific Advisory Board of Centre Tecnologic de Telecommunicacions de Catalunya. On an ongoing basis, Mr. Saponas has served on the National Academy of Sciences studies, most recently as part of the National Nanotechnology Initiative Review, and Los Alamos and Lawrence Livermore National Labs study for recommendations for the management RFQ. Mr. Saponas was a White House Fellow and served as a Special Assistant to the Secretary of the Navy and was awarded the Superior Civil Servant Award for a major cost saving initiative during this assignment. Mr. Saponas holds Bachelor of Science and Master of Science degrees in Computer Science and Electrical Engineering from the university of Colorado. He completed Advanced Management Program, INSEAD, Fontainebleau, France.

• Staffan Hillberg, Director

Mr. Staffan S. Hillberg is the Chief Executive Officer of Wood & Hill Investment AB.

He is a Director at Kigol Konsult AB. Procera Networks Inc.

He has previously been the Chief Executive Officer of Scandinavian Financial Management AB, Chief Executive Officer at Yield AB and General Partner at CR&T Ventures.

Mr. Hillberg served as the Chief Executive Officer of AppGate AB and Managing Partner at MVI Group.

Mr. Hillberg has also worked as Chief Executive Officer at Bonnier Online AB and Apple Computer, Inc.

He was a Director at WeSpot AB, Framespot AB, Voxi AB, Cobolt AB, Comhat-Provexa AB.

Mr. Hillberg attended the M.Sc. program at Chalmers University of Technology in Sweden and holds an M.B.A. from the renowned Graduate Business School, INSEAD, in Fontainebleau, France.

• Paul Stich,

Milyoni, Inc. Age: 54

Mr. Paul J. Stich has been the Chief Executive Officer of Dasient Inc. since July 2010 and also serves as its President. Mr. Stich serves as an Advisor of Milyoni, Inc. Mr. Stich served as the Chief Executive Officer and President of BT Counterpane, Inc. (alternate name is BT Counterpane Internet Security, Inc.). He served as the Chief Operating Officer of BT Counterpane Internet Security, Inc. Before joining Counterpane, he served as the President and Chief Executive Officer of Peak XV Networks Inc. He co-founded Groundswell and served as the President and Chief Executive Officer. Prior to starting Groundswell, he served as Vice-President of IBM Global Services, where he was responsible for the telecommunications, media, entertainment and utility industries for North and South America. He has 25 years of security, network and IT management experience. Mr. Stich was a Partner at KPMG Consulting, in charge of the National Telecommunications practice. He has been a Director of Procera Networks, Inc. since January 15, 2010. He serves as a Director of Dasient, Inc. He served as a Director of BT Counterpane Internet Security, Inc. Mr. Stich holds an MBA from the University of Notre Dame Graduate School of Business and a Bachelor of Science in Business Administration and Economics from Saint Mary's College of California.

• Mary Losty,

Duggan & Associates Inc

Ms. Mary M. Losty is the General Partner at Cornwall Asset Management, LLC. She is responsible for the firm's investment in numerous companies. Ms. Losty's prior experience includes working as a Portfolio Manager at Duggan & Associates, an Equity Research Analyst at M. Kimelman & Company, and as an Investment Banker at Morgan Stanley and Co. For several years before joining Morgan Stanley, Ms. Losty served as the top aide to The Honorable James R. Schlesinger, a five-time Cabinet Secretary. She serves as a Director at Procera Networks, Inc. She is a Member of the American Bar Association and a Commissioner for Cambridge, Maryland's Planning and Zoning Commission. Ms. Losty also sits on the board of directors of the American Board of the United Nations University for Peace.

• William Slavin,

Procera Networks, Inc. Age: 65

• Mark Pugerude,

GENBAND, Inc. Age: 46

Management Team

Investors

Major Shareholders

Other Info

IP & Servers