10th Aug 2006 07:01
Spirent Communications PLC10 August 2006 SPIRENT COMMUNICATIONS PLC ACQUISITION OF IMPERFECT NETWORKS, INC. London, UK - 10 August 2006: Spirent Communications plc ("Spirent") (LSE: SPT;NYSE: SPM), a leading communications technology company, today announces that ithas acquired the business of Imperfect Networks, Inc. ("Imperfect Networks"), aUS based developer of security testing solutions. The acquisition will enableSpirent to deliver enhanced security testing solutions to its customers across anumber of markets. Spirent is paying an initial consideration of $4.0 million (£2.2 million),payable in cash on completion, with up to a further $4.0 million (£2.2 million)payable depending on the satisfaction of certain technical milestones andrevenues to be achieved in 2007. Imperfect Networks is based in Massachusettsand has 11 employees. Spirent has been the exclusive re-seller of Imperfect Networks' ThreatEx productsince 2005 with revenues growing strongly in the first half of this year. Whencombined with Spirent's market-leading AvalancheTM product, it provides global network equipment manufacturers, service providers and enterprises with apowerful tool for verifying defenses against malicious attacks and helps reducethe risk of costly network downtime due to network threats such as worms,viruses and attacks on voice over IP and wireless LAN services. The ThreatExbusiness and technology will be integrated into Spirent's Performance Analysisdivision. Anders Gustafsson, Chief Executive, commented: "The acquisition is in line with our strategy to expand our communicationsbusiness, drive profitable growth and deliver shareholder value. Our majorcustomers are increasingly demanding enhanced security testing solutions.Combining the ThreatEx technology with our existing solutions will stronglyposition us to meet their needs." - ends - EnquiriesAnders Gustafsson, Chief Executive Spirent Communications plc +44 (0)1293 767676Eric Hutchinson, Chief FinancialOfficer Reg Hoare/Katie Hunt/Libby Young Smithfield +44 (0)20 7360 4900 Photography is available from UPPA (Universal Pictorial Press & Agency) - www.uppa.co.uk or tel: 020 7421 6000 About Spirent Communications plc Spirent Communications plc is a leading communications technology companyfocused on delivering innovative systems and services to meet the needs ofcustomers worldwide. We are a global provider of performance analysis andservice assurance solutions that enable the development and deployment ofnext-generation networking technologies such as broadband services, Internettelephony, 3G wireless and web applications and security testing. The Systemsgroup develops power control systems for specialist electrical vehicles in themobility and industrial markets. Further information about SpirentCommunications plc can be found at www.spirent.com. Spirent Communications plc Ordinary shares are traded on the London StockExchange (ticker: SPT) and on the New York Stock Exchange (ticker: SPM; CUSIPnumber: 84856M209) in the form of American Depositary Shares ("ADS"),represented by American Depositary Receipts, with one ADS representing fourOrdinary shares. Spirent and the Spirent logo are trademarks or registered trademarks of SpirentCommunications plc. All other trademarks or registered trademarks mentionedherein are held by their respective companies. All rights reserved. This press release may contain forward-looking statements that are based oncurrent expectations or beliefs, as well as assumptions about future events. Bytheir nature, forward-looking statements are inherently predictive, speculativeand involve risk and uncertainty because they relate to events and depend oncircumstances that will occur in the future. You should not place undue relianceon these forward-looking statements, which are not a guarantee of futureperformance and are subject to factors that could cause our actual results todiffer materially from those expressed or implied by these statements. Theserisks include the risks described from time to time in Spirent Communicationsplc's Securities and Exchange Commission periodic reports and filings. TheCompany undertakes no obligation to update any forward-looking statementscontained in this press release, whether as a result of new information, futureevents or otherwise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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