Tollgrade Completes Teradyne Buy

PITTSBURGH -- Tollgrade Communications, Inc. (Nasdaq: TLGD - News), a leading supplier of network service assurance products for the cable and telecom industries, announced today that it has completed its acquisition of the Broadband Test Division of Teradyne, Inc. (NYSE: TER - News).

On May 31, 2007, Tollgrade signed an agreement to acquire substantially all the assets and to assume certain specified liabilities of Teradyne's Broadband Test Division for approximately $12 million, subject to adjustments for certain items. Tollgrade preliminarily expects that the acquisition will be accretive to GAAP earnings per share in fiscal year 2007, and could add up to $10 million to 2007 revenues.

"The addition of the Broadband Test Division from Teradyne to our portfolio significantly expands our leading market share of total metallic access lines under test by service providers around the world," said Mark B. Peterson, Tollgrade's President and Chief Executive Officer. "We will now have a more extensive international market presence with employees and offices located throughout Europe to serve the Broadband Test Division's existing customers, as well as Tollgrade's current and prospective customers who seek to roll-out triple-play networks and services more quickly and efficiently. The integration of this acquisition into Tollgrade adds volume and capability to our already strong broadband service assurance business," he added.

Tollgrade Communications Inc.