Acquisition

Anite Group PLC 30 January 2007 For immediate release 30 January 2007 Anite Group plc ('Anite' or 'the Group') Acquisition of Invenova Highlights: • Acquisition of leading provider of software and systems for WiMAX (wireless broadband) device testing • WiMAX market expected to develop significantly in the next few years • In line with Anite's strategy of entering adjacent markets or acquiring complementary technology to build up its Wireless business Acquisition of Invenova Anite Group plc, the international wireless, IT solutions and services company, today announces that it has acquired Invenova Corp ('Invenova'), a San Jose, California based provider of software and systems for WiMAX device testing. There is an initial cash consideration of $6 million (£3.1 million), with a further $6million (£3.1 million) payable upon the achievement of certain financial performance targets. Revenues for the year to 31 December 2006 are expected to exceed $2.5million (£1.3 million). The acquisition is in line with Anite's stated strategy of achieving a leading position in its chosen markets and, in respect of its Wireless business, entering adjacent telecoms markets or acquiring complementary technology either through internal investment or acquisition. The acquisition of Invenova creates the opportunity to establish a significant position in the wireless broadband test systems market, whilst diversifying Anite's product portfolio across multiple wireless technologies and adding new customers. Invenova has the largest installed base of WiMAX protocol test systems and counts all major WiMAX developers as customers. Established in 2003, Invenova was the first company to deliver a validated WiMAX Certification platform after winning a contract from the WiMAX Forum (the industry approval body) to supply its approved test laboratories. Invenova was also selected by the WiMAX Forum in 2006 to develop the protocol conformance test solution for a new Mobile WiMAX standard. Invenova's WiMAX portfolio comprises a broad range of test tools covering functional, conformance and performance testing. Invenova will be fully integrated into Anite's Wireless business. Commenting on the acquisition, Steve Rowley, Anite's Chief Executive, stated: 'The acquisition of Invenova, following the recent acquisition of Nemo, represents a further step in the development of Anite's Wireless business, which we have put firmly at the heart of the Group. Invenova was particularly attractive due to its exciting technology, high growth and profitable performance.' 'We anticipate that the market for WiMAX will develop significantly in the next few years. With important recent announcements in the US and licence auctions taking place in Europe this year, we believe WiMAX will represent a substantial share of the Wireless broadband market before the end of the decade. We intend that Anite remains a market leader in the development of relevant test systems.' - Ends - For further information, please contact: www.anite.com Anite Group plc 01753 804000 Steve Rowley, Chief Executive Chris Humphrey, Group Finance Director Smithfield 020 7360 4900 Reg Hoare/Sara Musgrave Print resolution images are available for the media to view and download from www.vismedia.co.uk This information is provided by RNS The company news service from the London Stock Exchange
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