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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 it
has acquired the business of Imperfect Networks, Inc. (“Imperfect Networks”), a
US based developer of security testing solutions. The acquisition will enable
Spirent to deliver enhanced security testing solutions to its customers across a
number 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 and
revenues to be achieved in 2007. Imperfect Networks is based in Massachusetts
and has 11 employees.
Spirent has been the exclusive re-seller of Imperfect Networks’ ThreatEx
product since 2005 with revenues growing strongly in the first half of this
year. When combined with Spirent’s market-leading AvalancheTM product, it
provides global network equipment manufacturers, service providers and
enterprises with a powerful tool for verifying defenses against malicious
attacks and helps reduce the risk of costly network downtime due to network
threats such as worms, viruses and attacks on voice over IP and wireless LAN
services. The ThreatEx business and technology will be integrated into Spirent’s
Performance Analysis division.
Anders Gustafsson, Chief Executive, commented:
“The acquisition is in line with our strategy to expand our communications
business, drive profitable growth and deliver shareholder value. Our major
customers are increasingly demanding enhanced security testing solutions.
Combining the ThreatEx technology with our existing solutions will strongly
position us to meet their needs.”
Enquiries
Anders Gustafsson, Chief Executive Eric Hutchinson, Chief Financial Officer
Spirent Communications plc +44 (0)1293 767676
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 company
focused on delivering innovative systems and services to meet the needs of
customers worldwide. We are a global provider of performance analysis and
service assurance solutions that enable the development and deployment of
next-generation networking technologies such as broadband services, Internet
telephony, 3G wireless and web applications and security testing. The Systems
group develops power control systems for specialist electrical vehicles in the
mobility and industrial markets. Further information about Spirent
Communications plc can be found at
www.spirent.com.
Spirent Communications plc Ordinary shares are traded on the London Stock
Exchange (ticker: SPT) and on the New York Stock Exchange (ticker: SPM; CUSIP
number: 84856M209) in the form of American Depositary Shares (“ADS”),
represented by American Depositary Receipts, with one ADS representing four
Ordinary shares.
Spirent and the Spirent logo are trademarks or registered trademarks of
Spirent Communications plc. All other trademarks or registered trademarks
mentioned herein are held by their respective companies. All rights reserved.
This press release may contain forward-looking statements that are based on
current expectations or beliefs, as well as assumptions about future events. By
their nature, forward-looking statements are inherently predictive, speculative
and involve risk and uncertainty because they relate to events and depend on
circumstances that will occur in the future. You should not place undue reliance
on these forward-looking statements, which are not a guarantee of future
performance and are subject to factors that could cause our actual results to
differ materially from those expressed or implied by these statements. These
risks include the risks described from time to time in Spirent Communications
plc's Securities and Exchange Commission periodic reports and filings. The
Company undertakes no obligation to update any forward-looking statements
contained in this press release, whether as a result of new information, future
events or otherwise.
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