NetScout Completes Acquisition of Psytechnics
Date: Friday April 1, 2011
Acquisition Strengthens NetScout’s Unified Service Delivery Management Strategy
Westford, MA. – April 1, 2011 – NetScout® Systems, Inc. today announced that it has completed its acquisition of privately-held Psytechnics, Inc., a leading provider of performance management technology that enables organizations to proactively assure the user experience for unified communications services.
Psytechnics’ technology strengthens NetScout’s Unified Service Delivery Management strategy by providing more comprehensive management of the quality of IP Voice, Video and Telepresence service delivery along with all other application and data services.
Financial terms of the transaction are undisclosed. The acquisition is expected to be slightly accretive for the full fiscal year 2012 on a non-GAAP basis. It is anticipated to be dilutive for the fiscal year 2012 on a GAAP basis subject to the finalization of the accounting for business combinations.
About NetScout Systems, Inc.
NetScout Systems, Inc. (NASDAQ: NTCT) is the market leader in Unified Service Delivery Management enabling comprehensive end-to-end network and application assurance. For 26 years, NetScout has delivered breakthrough packet-flow technology that provides trusted and comprehensive real-time network and application performance intelligence enabling unified assurance of the network, applications and users. These solutions enable IT staff to predict, preempt and resolve network and service delivery problems while facilitating the optimization and capacity planning of the network infrastructure. NetScout nGenius® and Sniffer® solutions are deployed at more than 20,000 of the world’s largest enterprises, government agencies, and more than 130 service providers, on over 740,000 network segments to assure the network, applications, and service delivery to their users and customers.
More information about the acquired Psytechnics products can be found at www.netscout.com/psytechnics
Forward-looking statements in this release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 and other federal securities laws. Investors are cautioned that statements in this press release, which are not strictly historical statements, such as the expected benefits to NetScout from completing the acquisition and the expectation that the acquisition will be slightly accretive for the full fiscal year 2012 on a non-GAAP basis and dilutive for the fiscal year 2012 on a GAAP basis subject to the finalization of the accounting for business combinations constitute forward-looking statements which involve risks and uncertainties. Actual results could differ materially from the forward-looking statements. Risks and uncertainties that could cause actual results to differ include, without limitation, risks and uncertainties associated with the retention of employees, the ability of NetScout to successfully integrate Psytechnics and achieve operational efficiencies, potential downturns in business and economic conditions and growth trends in the networking industry, uncertainties relating to customer markets and related geographic regions, continued uncertainty regarding global economic conditions and other risks set forth in NetScout’s Annual Report on Form 10-K for the fiscal year ended March 31, 2010 and its subsequent quarterly reports on Form 10-Q on file with the Securities and Exchange Commission. NetScout assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.