NEW YORK--(BUSINESS WIRE)--Concerned Procera Stockholders is a group of stockholders collectively owning approximately 1.5% of Procera Networks, Inc. (NASDAQ: PKT) (the “Company”). We believe that stockholder value at the Company can be enhanced by adding new and experienced members to the board of directors (the “Board”) of the Company.
Four of the nominees of Concerned Procera Stockholders are Paul W. Shaneck, Dilip Singh, Mark D. Stolper and Howard E. Marks.
Paul W. Shaneck has more than 25 years of experience in the telecommunications and computer industries. Mr. Shaneck currently serves as the Global Director of Business Development for Symantec Corporation. Prior to his current position at Symantec, for six years he served as director of networks marketing in IBM’s Global Telecommunications division responsible for driving the strategy and product requirements across IBM’s hardware, software and services platforms. Mr. Shaneck was also a co-founder and officer of Leapstone Systems, Inc., a start-up software company providing intelligent multimedia service delivery and content management solutions to the telecommunications industry. Leapstone was acquired by Motorola in 2007.
Dilip Singh has over 40 years of executive management and board experience with global public Fortune 500 telecommunications companies and early stage software companies and network equipment providers. Mr. Singh has created value for the stockholders of public companies including as a board member of Concurrent Computer Corporation (CCUR) and as a board member and turnaround CEO of MRV Communications (MRVC). Mr. Singh also served as President NewNet, a private telecommunications infrastructure software startup, which was acquired by ADC Telecommunications Inc. in 1997.
Mark D. Stolper is an experienced operating executive and board member. He has served as the Executive Vice President and the Chief Financial Officer of Radnet, Inc. since 2004. During his tenure, Radnet’s revenue increased from $137 million to approximately $700 million, raised over $1.6 billion of capital and completed over 50 acquisitions. Mr. Stolper also previously served as a board member of Metropolitan Health Networks. During his tenure as a board member, Metropolitan Health Network’s stock increased 370% and was acquired by Humana, Inc. in December 2012 in a transaction reported to be valued at approximately $850 million.
Howard E. Marks has over 30 years of experience in the technology industry. He is the founder and co-chair of Start Engine, Los Angeles' largest startup accelerator. Mr. Marks was the founder and CEO of Acclaim Games (now owned by The Walt Disney Company), and the co-Founder of Activision, Inc. and Chairman of Activision Studios (1991-1997). In 1991, Mr. Marks and a partner transformed ailing video game giant Activision into a $14 billion market capitalization video game industry leader.