Mercury Announces BTO Core Technology Acquisitions.
-- Acquires m-Test(TM) Technology from Intuwave Ltd.
MOUNTAIN VIEW, Calif., Sept. 12 /PRNewswire-FirstCall/ -- Today, Mercury Interactive Corporation , the global leader in business technology optimization (BTO) software, announced it has acquired BeatBox Technologies (formerly ClickCadence LLC), a privately held company based in Pittsburgh, Pennsylvania. Under the terms of the acquisition, which closed on September 1, 2005, Mercury will pay approximately $14 million in cash. Mercury also announced it has acquired the m-Test wireless testing technology from Intuwave, a Mercury partner based in the United Kingdom. Under the terms of the m-Test technology acquisition, which closed on July 26, 2005, Mercury paid cash and entered into certain licensing arrangements in exchange for specified intellectual property assets from Intuwave.
BeatBox technology is used to track and capture real user application behavior such as clickstream traffic, page performance, application errors and visitor sessions on web based applications. BeatBox technology can help customers identify, record and analyze how users interact with business applications in production. Mercury customers will be able to utilize BeatBox technology and leverage real user information to improve the accuracy of their testing scenarios. Mercury plans to use BeatBox technology to extend the real user monitoring capabilities of its BTO software and to enhance its performance lifecycle offerings.
Intuwave developed m-Test technology to help automate the testing of wireless services and applications running on Symbian OS-based smart phones. Currently, customers can use m-Test in conjunction with Mercury QuickTest Professional(TM) and Mercury Business Process Testing(TM) to connect directly to a mobile device, such as a smart phone, to test and confirm how the device and its applications will perform. m-Test has been used by device manufacturers and mobile network operators to help ensure the market-readiness of their wireless devices, wireless applications and services. Mercury plans to utilize m-Test technology to bolster the wireless testing capabilities of its Mercury Quality Center(TM) product.
"With the BeatBox and Intuwave technology acquisitions, we continue to execute on our strategy to deepen our core BTO technology and help customers optimize the business outcome of IT," said David Murphy, senior vice president of corporate development at Mercury.
Mercury Interactive Corporation, the global leader in business technology optimization (BTO) software, is committed to helping customers optimize the business value of information technology. Founded in 1989, Mercury conducts business worldwide and is one of the fastest growing enterprise software companies today. Mercury provides software and services for IT Governance, Application Delivery, and Application Management. Customers worldwide rely on Mercury offerings to govern the priorities, processes and people of IT and test and manage the quality and performance of business-critical applications. Mercury BTO offerings are complemented by technologies and services from global business partners. For more information, please visit http://www.mercury.com/.
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties concerning Mercury's expected financial performance as well as Mercury's continuing relationships, future business, product and service offerings. Mercury's actual relationships, product and service plans may differ materially from the forward-looking statements made by, or on behalf of, Mercury. The potential risks and uncertainties include, among other things: 1) risks relating to acquisitions, including BeatBox and the m-Test technology, and the integration of new products and personnel into Mercury, 2) the failure of Mercury products and product enhancements to meet customers' expectations, needs or perform as described; 3) the dependence of Mercury's financial growth on the continued success and acceptance of its existing and new software products and services, and the success of its BTO strategy; and 4) intense competition for Mercury's products and services. Additional information concerning these and other risk factors can be found in Mercury's filings with the Securities and Exchange Commission ("SEC"), including but not limited to Mercury's Annual Report to Stockholders on Form 10-K for the fiscal year ended December 31, 2004 and the Form 10-Q for the quarter ended March 31, 2005, which are available at the SEC's website at http://www.sec.gov/. All of the information in this press release is made as of the date of this press release, and Mercury undertakes no duty to update this information.
NOTE: Mercury, m-Test, Mercury QuickTest Professional, Mercury Business Process Testing, Mercury Quality Center and the Mercury logo are trademarks of Mercury Interactive Corporation and may be registered in certain jurisdictions.
All other company, brand and product names may be trademarks or registered trademarks of their respective holders.
CONTACT: Robin Stoecker of Mercury, +1-650-603-5854, or email@example.com; or Kim Milosevich of OutCast Communications, +1-415-345-4734, or firstname.lastname@example.org, for Mercury
Web site: http://www.mercuryinteractive.com/
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|Date:||Sep 12, 2005|
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