SAN FRANCISCO, March 9 /PRNewswire-FirstCall/ -- Merriman Curhan Ford (Nasdaq: MERR) acted as sole placement agent in Procera Networks Inc.'s (AMEX: PKT) $7.2 million registered direct offering of 18 million shares of common stock to certain institutional investors. The transaction was completed on March 4, 2010.
"In this tough market for small cap financings, the team at Merriman did a great job finding long term institutional holders for our stock, positioning us for continued growth in 2010," said James Brear, Chief Executive Officer of Procera Networks.
The pricing of the offering was announced on March 2, 2010 by Procera Networks. Details on the transaction can be found at Procera Networks' Web site: www.proceranetworks.com.About Procera Networks Procera Networks Inc. delivers Evolved DPI solutions that give service providers awareness, control and protection of their applications and networks. Its core product suite, the PacketLogic line of platforms, leverages the company's advanced identification engine, DRDL (Datastream Recognition Definition Language), to provide accurate identification of network traffic in real-time. PacketLogic is deployed at more than 600 broadband service providers, telcos, governments and higher education campuses worldwide. Founded in 2002, Procera (AMEX:PKT) is based in Silicon Valley and has offices around the globe. About Merriman Curhan Ford Merriman Curhan Ford (NASDAQ: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in five growth industry sectors: CleanTech, Consumer, Media & Internet, Health Care, Natural Resources and Technology. For more information, please go to www.mcfco.com. Note to Investors This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2009 and our Form 10-Q filed on November 16, 2009. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2009 and Forms 10-Q filed on May 15, August 11, and November 16, 2009, together with this press release and the financial information contained herein, is available on our website by going to www.mcfco.com and clicking on "Investor Relations." SOURCE Merriman Curhan Ford