Spirent Communications acquires SwissQual

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Press Release - Spirent acquires SwissQual to enhance portfolio of wireless test and measurement solutions

ROCKVILLE, MD — (January 23, 2006) — Spirent Communications (NYSE: SPM; LSE: SPT), today announced that it has entered into an agreement to acquire SwissQual, a test and measurement company for telecommunications service providers. The company made the acquisition for a total consideration of approximately $70 million USD (including performance incentives) on a cash and debt-free basis. The acquisition of SwissQual will enhance Spirent’s presence in the wireless test and measurement market by bringing exposure to a new segment, subscriber experience management. Subscriber experience management measures the quality of the wireless subscriber’s experience and service received from a user’s, rather than a network, perspective. This “user-focused” perspective also favorably positions Spirent for growing its business in testing mobile video applications, services and handsets.

“The acquisition of SwissQual is in line with our strategy to expand our wireless communications business, drive profitable growth and deliver shareholder value,” commented Anders Gustafsson, chief executive officer of Spirent Communications. “Acquiring SwissQual’s operations, technology and strong European customer base will broaden our wireless footprint, enhance our competitive edge and accelerate our entry into new growth markets.”

SwissQual, a Swiss-based company with approximately 80. employees, was founded in 2000 and provides products that measure the experience of users of wireless applications and services. SwissQual also has regional offices in Italy and Singapore. SwissQual’s broad range of products are ideal for delivering detailed information that enables wireless operators to troubleshoot and improve wireless service performance.

The acquisition is expected to be earnings enhancing in Spirent’s current financial year ended December 31, 2006.

About Spirent Communications

Spirent Communications (www.spirentcom.com) is a global provider of integrated performance analysis and service assurance systems that enable the development and deployment of next-generation networking technology such as Internet Telephony, broadband services, 3G wireless, global navigation satellite systems, and network security equipment. Spirent’s solutions are used by more than 1,500 customers in 30 countries, including the world’s largest equipment manufacturers, service providers, enterprises and governments. Based in Rockville, Maryland, Spirent Communications reported 2004 revenue of $460 million and has 1,700 employees worldwide. The company is the largest business group of Spirent plc, traded on the London and New York Stock Exchanges (LSE: SPT; NYSE: SPM; CUSIP number: 84856M209). www.spirent.com. Spirent Communications’ sales to the United States government are made through Spirent Federal Systems. www.spirentfederal.com.

 

Spirent, Spirent Communications and the Spirent logo are trademarks or registered trademarks of Spirent 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 plc's Securities and Exchange Commission periodic reports and filings. We undertake 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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