Procera Networks Inc. has completed an $8 million common stock offering. Four million shares of restricted common stock were sold.
Procera provides network traffic identification, control and service management infrastructure equipment to broadband service providers and cable operators, including Cavalier Broadband (a CLEC in Virginia); Mesa Networks (a Colorado WISP); Comanche County Telephone, West Texas Telephone, Central Texas Telephone and Unitel (all ILECs); Com Hem (Scandinavia’s largest cable operator); CTR (a LEC in Chile); and Vipfone (a WiMAX provider in Spain).
The funds will be used for Procera's PacketLogic network traffic and service management products. The PacketLogic product family includes the PL5600, PL7600, PL7620 and PL9200 models, which range from 4 Mbps to 2.5 Gbps bidirectional throughput capacity.