Spirent PLC
13 September 2000
771 - 13 September 2000
SPIRENT STRENGTHENS 3G WIRELESS TESTING CAPABILITIES THROUGH
US SOFTWARE ACQUISITION
Spirent plc, the international network technology company, announces that it
has acquired InfoSOFT Technologies, Inc. ('InfoSOFT') of Fort Worth, Texas, a
profitable developer of software for the test, manufacture and deployment of
CDMA mobile communications handsets. InfoSOFT's customers include major US
wireless service provider Sprint PCS. The company complements Spirent's own
wireless communications testing capabilities and will strengthen Spirent's
ability to develop new solutions for the fast growing 3G wireless
communications testing market.
InfoSOFT has been acquired from management for a maximum consideration of $4.5
million (£3.2 million) cash. The acquisition also includes provision for
further performance-related bonuses of up to a maximum $6.0 million (£4.3
million).
Commenting on the acquisition, Nicholas Brookes, Chief Executive of Spirent
plc, said:
'Wireless communications, in particular 3G technology, is one of the key
growth areas in modern networks. InfoSOFT complements Spirent Communications'
well established and highly regarded wireless testing capabilities and will
give us additional technical resources to provide eagerly awaited 3G test
solutions.'
Enquiries:
Nicholas Brookes, Chief Executive Spirent plc +44 (0)1293 767676
Eric Hutchinson, Finance Director
Jon Coles/Rupert Young Brunswick +44 (0)20 7404 5959
Background note:
Spirent plc is an international network technology company providing state-of-
the-art solutions with a focus on high growth, high margin activities. It is a
world leader in advanced telecommunications testing systems and network
products. www.spirent.com
Spirent is quoted on the London Stock Exchange, ticker SPT, and is a FTSE 100
company. It is classified in the Information Technology Hardware sector. The
Company operates a Level 1 American Depository Receipt programme (ticker:
SPNUY; CUSIP number: 84856M100). For information, contact Brian Heston, The
Bank of New York, American Depositary Receipts, 101 Barclay St, 22 West, New
York, NY 10286 Phone: (212) 815 3938, Fax: (212) 571 3050, email:
bheston@bankofny.com web site: www.adrbny.com
Exchange rate used: $1.40 : £1.00
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