Argogroup Acquires ACTeSys

Argogroup today announces the acquisition of ACTeSys for a cash deal of $4M for all the share capital of the company

January 17, 2006

1 Min Read

SURREY, U.K. -- Argo Interactive Group Plc (Argogroup) today announces the acquisition of ACTeSys GmbH for a cash deal of $4m for all the share capital of the company.

Argogroup is a market leader in User Experience Optimization for mobile services, offering testing and monitoring solutions to mobile operators around the world. ACTeSys offers hardware-based solutions for end-to-end network and service testing. The merged company, which will trade under the Argogroup name, will offer a complete suite of end-to-end testing and monitoring solutions.

The company will immediately offer new appliance products that combine Argogroup's active test software with the world-leading ACTeSys hardware.

"This is a strategic purchase of a highly-regarded company with perfectly complementary product lines and skill-sets," said David Frodsham, Argogroup CEO, "ACTeSys is great at engineering stable and scalable hardware while Argogroup brings expertise in application test software and a global sales reach. In this case, one plus one equals three."

The acquisition will solidify the combined company's position as world-wide market and technology leader in the burgeoning active test industry. David Frodsham will continue as CEO while Thomas Renz, former CEO of ACTeSys, will head up the monitoring business.

"Both Argogroup and ACTeSys have been very successful businesses, both commercially and technically," said Thomas Renz, "With such complementary product lines, the combination makes perfect sense. The entire ACTeSys team looks forward to getting our significantly enhanced new products to customers."

Argogroup

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