Spirent Communications announces series of strategic business moves

By Tom Kilkelly

30 November 2023

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Spirent Communications, the Crawley-based provider of automated test and assurance solutions, has announced a pair of business moves that are driving the businesses' expansion.

The first is an agreement with an as of yet unnamed a financial services organisation. Spirent will automate the company's lab and testing capabilities in a transaction worth $15 million, of which $12 million has already been received.

Using Spirent's services will allow the customer, a bank, to significantly accelerate delivery of its new products, version upgrades, and services to its customers, while ensuring strict compliance and enjoying major productivity gains and cost savings.

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Spirent is capitalising on the new funds through the acquisition of test Lab Automation business of NetScout Systems, a company based in New Jersey, USA.

A spokesperson for the company said: ''The acquisition of this business brings important intellectual property that enables us to add physical layer switching capability, critical to configuration and connectivity in automated labs, to our existing lab automation software platform.

''The financial impact of this small technology business is not material. The strategy to diversify outside of telecommunication is critical at this time, where uncertainty and delays to customer orders continue.

''This new contract win in the Financial Services sector, will provide an excellent reference point to advance our busy pipeline for other similar customers.''

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.