SPT20 Apr 2012 08:17
Spirent Communications plc Signs Definitive Agreement
to Acquire Mu Dynamics, Inc.
Combined Expertise to Serve the Market for High Performance, Secure Deployments of Cloud Services and Application-Aware Networks
London, UK - 20 April 2012: Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, announces today that it has entered into a definitive agreement to acquire privately held Mu Dynamics, Inc. ("Mu"), based in Sunnyvale, California, for a cash consideration of $40.0 million. Mu is a security testing pioneer, offering innovative solutions that enable faster, higher quality deployments of Cloud applications and applications-aware networks.
The exponential growth in Cloud-based applications presents critical security risks for equipment manufacturers, service providers, governments, enterprises and end users, requiring them to protect themselves against sophisticated new threats, in order to avoid financial and reputational damage. To address this fast-growing opportunity, Mu developed the industry's first solution that emulates real application traffic while generating comprehensive security threats, addressing all phases of the development lifecycle. Mu also recently launched Blitz.io, a Cloud-based service that allows enterprise application and website developers to test users' quality of experience of "Software as a Service" deployments. This capability will enable Spirent to serve the high-growth Cloud-based Application Performance Management market.