DESCRIPTION OF BUSINESS

3 Months Ended

Mar. 31, 2013

1.	DESCRIPTION OF BUSINESS

Procera Networks, Inc. ("Procera" or the "Company"), is a leading provider of Intelligent Policy Enforcement ("IPE"), solutions based on Deep Packet Inspection technology, 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 enhanced visibility into, and control of, their networks and to create and deploy new services for their end user subscribers. The Company sells its products through its direct sales force, resellers, distributors and system integrators in the Americas, Asia Pacific and Europe.

Procera was incorporated in 2002 and its common stock currently trades on the Nasdaq Global Select Market under the trading symbol "PKT". Prior to December 29, 2011, the Company's common stock traded on the NYSE Amex Equities exchange under the same trading symbol.