Mooreland Partners Advises DAX Technologies on Sale to Spirent Communications Plc.
Matawan, NJ / Crawley, UK — February 24, 2014 — Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to DAX Technologies Corp. (“DAX”) on its sale to Spirent Communications Plc. (“Spirent”) (LSE:SPT). DAX Technologies is a leading provider of Customer Experience Management (“CEM”) solution software that enables mobile and wireline service providers to understand and quantify services as experienced by their customers. DAX’s InTouch solution is a vendor agnostic solution that can aggregate and analyze data from a wide ecosystem of existing sources, including probes, network equipment and end user devices, as well as carriers’ business systems. Processing billions of network and business records each day, InTouch gives service providers real-time insights into the carriers’ customers’ experience, providing actionable end-to-end analytics to operations, support, marketing and engineering teams. DAX serves carriers in North America, Europe, and Asia. DAX is headquartered in Matawan, NJ, United States.
Spirent is a leading communications technology company focusing on providing test, measurement, and inspiring innovation within development labs, communication networks and IT organizations. Spirent is headquartered in Crawley, United Kingdom. The acquisition of DAX strengthens Spirent’s Service Assurance portfolio, and expanding their addressable market in the live networks.
The sale of DAX marks the sixth publicly announced transaction advised by Mooreland since the start of 2014 and further strengthens Mooreland’s leading position in M&A advisory to the communications value chain.