Spirent acquires Scientific Software Engineering

July 10, 2006

Spirent Communications, a communications technology company, announces that it has acquired Scientific Software Engineering ("SSE"), the US based developer of the fast growing Landslide product, a software based system for testing the performance and functionality of 2.5 and 3G wireless network infrastructure.

Spirent is paying an initial consideration of $10.0 million (£5.4 million), payable in cash on completion with up to a further $6.0 million (£3.3 million) payable depending on the satisfaction of certain technical milestones and the retention of key employees.

SSE, based in Dallas, Texas and employing 24 people, will be incorporated within Spirent's Performance Analysis division. Spirent has been re-selling the Landslide product since November 2003 and customers include leading global network equipment manufacturers and wireless operators.

The acquisition will allow Spirent to integrate the business and the technology to deliver enhanced applications for the wireless infrastructure, IMS and fixed-mobile convergence test markets, which have been identified as key growth areas. Landslide revenues grew strongly in the first half of the year.

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. We believe that the Landslide product is a market-leading solution for wireless network infrastructure testing and will also enhance our IMS portfolio."