Hekimian, the leading provider in North America of telecommunications network and service assurance solutions for DSL and private lines, has announced today November 16, 2000, that it has signed an agreement to be acquired by Spirent plc.
Subject to certain closing conditions and regulatory approvals, Spirent will pay $1.575 billion for Hekimian, comprising $712 million in cash and $863 million in Spirent stock.
Upon completion of the acquisition, Hekimian will operate as a division of Spirent’s Communications group, which has a strategy to be at the leading technological edge in the global test solutions market for the communications industry.
The deal looks likely to dramatically advance Spirent’s ability to offer Operations Support System (OSS) solutions that manage and monitor DSL, IP, frame relay, ISDN, ATM and private line services.
Hekimian’s products, comprised of OSS software, remote probes, and professional services, deliver the information, automation and control that communications providers need to effectively assure voice, data and Internet services.
More than 300 Hekimian testing, monitoring and assurance OSSs are currently installed in ILECs, CLECs, and other major networks. Its test and access probes are present in more than 10,000 central offices, making Hekimian’s the world’s most widely deployed independent remote test system.
‘Hekimian’s and Spirent’s products and services are extremely complementary,’ said Des Wilson, CEO and president of Hekimian.
‘Spirent gives us the international presence and expertise we need to establish global leadership in the service assurance and testing markets, and will help to expand our existing technology portfolio into technologies such as optical, fast-packet and wireless,’ Wilson added.