Keynote Acquires DeviceAnywhere

Keynote to acquire DeviceAnywhere, a leader in mobile testing and quality assurance

October 10, 2011

1 Min Read

SAN MATEO, Calif. -- Keynote® Systems (NASDAQ: KEYN), the global leader in Internet and mobile cloud monitoring, signed a definitive agreement to acquire privately-held Mobile Complete, Inc, doing business as DeviceAnywhere, a leading enterprise-class cloud-based platform for testing and monitoring mobile websites and apps, for approximately $60.0 million in cash plus a potential earn-out.

Umang Gupta, Chairman and CEO of Keynote, said: “Combining DeviceAnywhere’s leading testing and quality assurance (QA) cloud-based solutions with our strong mobile monitoring business firmly establishes Keynote as a leader in the mobile testing and monitoring markets. The resulting increased product breadth and scale meaningfully enhance our competitive position. In addition, the acquisition will expand our addressable market into the immediately adjacent enterprise mobile testing and quality assurance space, which we project, could enable us to grow this into a $100 million business.”

Keynote Systems Inc.

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