Spirent to Buy Mu Dynamics

LONDON -- 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.

"Infrastructure security testing is critical to ensuring confidence in the use of globally-deployed networks and applications," said Bill Burns, CEO of Spirent. "Mu Dynamics brings additional market-leading expertise in cyber security, usability and application emulation to the Spirent solutions portfolio. Combining Mu's software-based applications and security testing capabilities with Spirent's market-leading performance test platforms will enable us to rapidly create best-in-class security test solutions with higher performance and greater scale than any other provider. This acquisition aligns with our strategy of delivering profitable growth through expanding our capabilities in growing and emerging technology markets."

Spirent Communications plc