Spirent Acquires Zarak Systems

Spirent acquires leading U.S. voice communications testing business

September 11, 2000

1 Min Read

Spirent plc, the international network technologycompany, announces that it has entered into a conditional agreement toacquire the entire share capital of Zarak Systems Corporation('Zarak') of Sunnyvale, California for 44.7 million Spirent plc shares.At the Spirent share price of £6.36 at the close of business on 8 September 2000this equates to a value of £284 million ($403 million). The acquisitionis expected to enhance headline EPS, prior to goodwillamortisation, from the outset.

Commenting on the acquisition, Nicholas Brookes,Chief Executive of Spirent plc, said: "Zarak is a fantastic business that has achievedexceptional growth rates. The acquisition marks the next step inSpirent's development of the world's leading suite of performance analysissolutions, now a key enabling component of the Internet and corporate ITinfrastructures. As Voice over IP has become a critical issue in thenetwork, Zarak strongly reinforces Spirent's position at the leadingedge of this technology."


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