Procera is paying $28.0 million Canadian for Vineyard, with $15.4 million in Procera stock and $12.6 million in cash. The deal is set to officially close today.
Vineyard has taken an OEM approach to the market, providing its network application visibility to third party vendors including Riverbed, Blue Coat and Dell SonicWall. The Vineyard technology provides application intelligence that extracts attributes from a network flow that can then be used to optimize the network.
“Vineyard enables Procera to expand our total addressable market through their OEM business to include enterprise network equipment vendors, adding the entire enterprise space along with additional opportunities in the service provider OEM market,” James Brear, President and CEO of Procera, said. “The addition of Vineyard, which has 34 employees mostly in engineering and product development, establishes Procera as the clear leader in the high-growth DPI market.”