Spirent Share News (SPT)

Telecoms testing group Spirent is to buy US firm Fanfare for $15m cash. Fanfare's business is similar to Spirent's. It also provides test automation solutions to equipment makers."Bringing Fanfare's software expertise and its innovative iTest technology to Spirent will enable us to realise that vision much more quickly, including an ongoing commitment to an open, standards-based approach," Spirent said."Over the past few years we've built an extremely successful partnership with Spirent," added Tom Ryan, CEO of Fanfare. "This acquisition is a logical way to deliver even more value to customers, through Spirent's scale and global reach and through seamless integration with test solutions, including market-leading solutions from Spirent"