P-Com, a provider of point-to-point, spread spectrum, and point-to-multipoint broadband wireless products, announced plans to acquire privately held Procera Networks, which designs and builds Layer 7 switches that provide wire-speed routing, switching, flow metering and packet shaping. Procera's Layer 7 switch provides granular management of bandwidth and applications. The company is based in Sunnyvale, California. Financial terms were not disclosed. P-Com said microwave radio suppliers have traditionally handed off bandwidth management to...