Spirent Communications Buys Fanfare Group For $15 Million
15 Febbraio 2011 - 8:48AM
Dow Jones News
Spirent Communications PLC (SPT.LN), a communications technology
company, announces Tuesday that it has entered into a definitive
agreement to acquire privately held The Fanfare Group, Inc., based
in Mountain View, California, for a cash consideration of $15
million.
MAIN FACTS:
-Fanfare is a provider of test automation solutions that help
equipment manufacturers and service providers accelerate time to
market and improve product quality in the face of rapidly growing
complexity.
-Spirent will continue its support for standardization through
NTAF, and the acquisition of Fanfare will accelerate its ability to
bring to market commercial implementations of new standards as they
emerge.
-The transaction is subject to customary closing conditions and
is expected to complete on or about Feb. 16.
-Shares closed Monday at 156.0 pence.
By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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