BETHESDA, MD–May 30, 2012 – OPNET Technologies, Inc. (NASDAQ: OPNT), the leading provider of solutions for application and network performance management, announced that it has completed the acquisition of Clarus Systems, Inc., a privately held software company headquartered in Redwood City, California. The acquisition expands OPNET’s product portfolio for application and network performance management.
Clarus software provides end-to-end service management for Enterprise Voice over IP (VoIP), Unified Communications, and TelePresence video. Clarus’s award-winning solution suite, ClarusIPC® Plus+, maximizes service performance and availability through automated testing, performance monitoring, configuration management, and business intelligence reporting. Clarus’s customers include Global 100 enterprises in financial services, healthcare, energy, communications, as well as system integrators, and managed service providers.
Marc Cohen, OPNET Chairman and CEO, added, “Unified Communications is important to our customers because the workplace is becoming more distributed. There is an innate expectation in enterprises that voice services should be flawless and always available. However, when these services are implemented over a converged network, the only way to meet this requirement is with a powerful management solution that is able to comprehensively test, monitor, and troubleshoot the entire infrastructure and its configuration. ClarusIPC is unique in its ability to address these requirements. We are excited about expanding our capabilities in this area and look forward to introducing the Clarus offerings to our customer base. Furthermore, the new solution OPNET is acquiring is ideally suited for delivery via partners and managed service providers, and we expect it to perform well in our expanding channel program.”
Alain Cohen, OPNET President and CTO, stated, “Voice and video are increasingly becoming integrated into business applications, and teleconferencing is providing enormous cost savings by reducing the need for enterprise travel. These are among the factors driving a strong need for UC management capabilities. ClarusIPC is the only solution on the market combining pre-deployment, continuous testing, production monitoring, help-desk capabilities, and business analytics. ClarusIPC’s centralized, efficient management approach provides broad visibility without requiring widespread placement of probes throughout the enterprise. The solution is complementary with OPNET’s real-time monitoring of signaling as well as voice and video quality. We are confident that the combination provides the most complete UC monitoring solution on the market today.”
Brendan F. Reidy, Clarus Systems’ Chairman and CEO added, “We are proud to become part of the OPNET Technologies portfolio of application and network performance management solutions. The combination of OPNET and Clarus provides our clients and partners with the most comprehensive suite of converged network offerings in the market. OPNET’s vision and impressive product portfolio, combined with our expertise in Unified Communications will continue to ensure our customers have the highest quality end user experience possible.”
“IP voice and video communications are becoming a mainstay in today’s converged IT environments,” said Jim Frey, Managing Research Director, Enterprise Management Associates. “With the convergence of the delivery plane comes a parallel demand to converge both planning and operations from a management tools and practices perspective. By adding the Clarus Systems VoIP and videoconferencing management tools to its substantial existing network and application management portfolio, OPNET is expanding the breadth, depth, and completeness of the solutions it can offer and closing the loop for an increasingly critical category of IT services.”
The acquisition is expected to be slightly dilutive on a GAAP basis and slightly accretive on a non-GAAP basis for the first quarter of fiscal 2013 ended June 30, 2012, and slightly accretive on a GAAP and a non-GAAP basis for the full fiscal year 2013 ending March 31, 2013. The expected impact for the first fiscal quarter and full fiscal year 2013 are subject to completing the accounting for business combinations.
OPNET will hold an investor conference call on Wednesday, May 30, 2012 at 5:00pm Eastern Time to discuss the acquisition of Clarus Systems, Inc.
To listen to the OPNET investor conference call:
- Call 877-377-7550 in the U.S. or 408-337-0151 for international callers, or
- Use the webcast at www.opnet.com/news. Investors are advised to go to the web site at least 15 minutes early to register, download, and install any necessary audio software.
To listen to the archived call:
- Call the replay phone number at 855-859-2056 or 404-537-3406 for international callers. For replay, enter passcode # 86571316. The replay will be available from 8:00 pm Eastern Time May 30, 2012 through 11:59 pm Eastern Time June 6, 2012.
- The webcast will be available at www.opnet.com/news. The webcast will be archived for seven days.
About OPNET Technologies, Inc.
Founded in 1986, OPNET Technologies, Inc. (NASDAQ:OPNT) is the leading provider of solutions for application and network performance management. For more information about OPNET and its products, please visit www.opnet.com.
OPNET and OPNET Technologies, Inc. are trademarks of OPNET Technologies, Inc. Clarus Systems and ClarusIPC are registered trademarks of Clarus Systems, Inc., a wholly owned subsidiary of OPNET Technologies, Inc. All other trademarks are the property of their respective owners.
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. OPNET Technologies, Inc. (“OPNET”) assumes no obligation to update such statements. Forward-looking statements, including statements regarding the expected performance of the Clarus offering in our channel program and statements concerning the expected financial impact to GAAP and non-GAAP earnings for the first quarter of fiscal 2013 and for the full fiscal year 2013, are predictions based upon information available to OPNET as of the date of this press release and involve risks and uncertainties; therefore, actual events or results may differ materially. Factors that may cause the expected impact of the Clarus offering, or OPNET’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements include, among others, completing the accounting for the Clarus acquisition, and those factors listed under the caption “Risk Factors” in OPNET’s Annual Report on Form 10-K for the fiscal year ended March 31, 2011, as filed with the Securities and Exchange Commission on June 3, 2011, as updated from time to time in subsequent SEC filings. The risk factors set forth in the Company’s Form 10-K under the caption “Risk Factors,” as updated from time to time in subsequent SEC filings, are specifically incorporated by reference into this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Note to editors: The word OPNET is spelled with all upper-case letters