The acquisition is expected to be completed by November 21, 2007. The Accellent team will be joining InfoVista as a new business unit.
The acquisition adds application response and traffic monitoring solutions to InfoVista’s offerings, which include infrastructure performance management and service quality monitoring capabilities. According to InfoVista, Accellent’s product offering presents a perfect fit with its product portfolio.
According to InfoVista, the acquisition should also spur revenue growth, and is expected to be accretive to earnings in fiscal year 2008.
The combination of InfoVista and Accellent allows us to bring together two companies with best-of-breed technologies in complementary markets and geographies to deliver the most comprehensive performance assurance solution available today from the communication infrastructure to the end-user, including the services and the application. The acquisition significantly strengthens our offering, complementing and leveraging our existing platforms, and should yield important revenue synergies, said Alain Tingaud, CEO and chairman of InfoVista
By joining forces with InfoVista we now have the global reach to bring our capabilities to the largest organizations worldwide and more effectively penetrate the service provider market. added Eric Fries, CEO of Accellent.
A number of mergers and acquisitions have taken place in the supply chain solutions space in the recent past. In September 2007, CDC Software, a provider of enterprise software applications and business services, acquired Catalyst International, a provider of supply chain execution solutions. Similarly, Siemens acquired UGS to offer SCM solutions to the manufacturing industries in a deal valued at $3.5 billion in early 2007. Elsewhere, Zebra Technologies acquired WhereNet Corp, a provider of active radio frequency identification (RFID) solutions to track and manage enterprise assets, in a deal worth $126 million in cash.
Source: ComputerWire daily updates
