WESTFORD, Mass.--(BUSINESS WIRE)--NetScout® Systems, Inc. today announced the signing of a definitive agreement to acquire privately held FoxReplay BV, a subsidiary of Fox-IT. FoxReplay BV is a leading provider of session reconstruction and replay technology that enables organizations to perform forensic analysis of end-user actions in support of CyberIntelligence, Information Assurance, Lawful Intercept and general security practices. Based in Delft, The Netherlands, FoxReplay BV’s technology will extend NetScout’s Unified Service Delivery Management capabilities further into CyberSecurity by providing comprehensive end-user session reconstruction and visual replay of an end-user’s activities showing an analyst exactly what the end-user saw.
"Addressing the security of business assets and IT services continues to be a top concern for IT organizations in government agencies and enterprises alike. To proactively address these concerns, IT staff need application-specific forensic analysis capabilities," said Anil Singhal, president and CEO of NetScout. "With the acquisition of FoxReplay BV, NetScout will gain critical technology and expertise that will help us continue to build on our core strategy of advanced packet-flow intelligence and accelerate our innovation to address the growing CyberSecurity concerns in our target markets.”
With an installed base including many government security organizations from around the world, the FoxReplay Analyst software delivers trusted and exact historical interpretation of actual end-user activities. The technology supports a broad set of applications including email, Web, IP communications, social networking and Internet Messaging, enabling analysts to reproduce exactly what the end-user saw or heard.
In addition to providing advanced session reconstruction and replay technology, the acquisition of FoxReplay BV will bring a team of industry-leading engineers to NetScout. Upon the close of the acquisition, the FoxReplay team will be integrated into NetScout’s ongoing operations. Financial terms of the transaction are undisclosed. The acquisition is subject to various standard closing conditions and is expected to be completed early in the third quarter of the company’s fiscal year 2012. The transaction is expected to have insignificant impact on earnings per share in fiscal 2012, and to be accretive in fiscal 2013 and beyond, on both a GAAP and non-GAAP basis.
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 27 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 NetScout is available at http://www.netscout.com.
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, including without limitation, the plans, objectives and future financial performance of NetScout constitute forward-looking statements which involve risks and uncertainties. Actual results could differ materially from the forward-looking statements. Risks and uncertainties which could cause actual results to differ include, without limitation, risks and uncertainties associated with slowdowns or downturns in economic conditions generally and in the market for advanced network and service assurance solutions specifically, the Company’s relationships with strategic partners, dependence upon broad-based acceptance of the Company’s network performance management solutions, the Company’s ability to achieve and maintain a high rate of growth, introduction and market acceptance of new products and product enhancements, the ability of the Company to take advantage of service provider opportunities, competitive pricing pressures, reliance on sole source suppliers, successful expansion and management of direct and indirect distribution channels and dependence on proprietary technology and the ability of NetScout to successfully integrate Psytechnics and FoxReplay and achieve operational efficiencies. For a more detailed description of the risk factors associated with the Company, please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2011 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.
NetScout, nGenius and Sniffer are registered trademarks of NetScout Systems, Inc.