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Procera Networks Inc
Procera Networks, Inc. provides intelligent policy enforcement solutions that enable service providers to improve quality of experience, increase revenue, and reduce costs. The company's solutions are built on its PacketLogicâ„¢ technology, which inspects, analyzes, and enforces network traffic policies in real-time.
Procera Networks was a public company listed on the NYSE MKT exchange under the ticker symbol "PKT." However, on August 21, 28, 2015, Procera Networks, Inc. (NYSE MKT: PKT) announced that it had entered into an Agreement and Plan of Merger with Francisco Partners and certain of its affiliates. Under the agreement, Procera Networks became a subsidiary of Francisco Partners, a private equity investment firm. The acquisition was worth $2.95 per share, and shareholders received a cash payment of $2.95 for each outstanding share of Procera Networks' common stock. Francisco Partners then took Procera Networks private, and it is no longer listed on any stock exchange.
Procera Networks has its headquarters in Fremont, California.
Overall, Procera Networks deals with networking, network security, network performance management, network intelligence, and intelligent policy enforcement solutions.