NetScout to Buy Psytechnics
Westford, MA-based NetScout Systems (NASDAQ: NTCT), a network-performance management firm, said today it is acquiring Psytechnics, a software company based in Ipswich, U.K., and Portsmouth, NH. Financial terms of the deal were not given. Psytechnics helps businesses manage the quality of IP voice, video, and telepresence services; the firm says its installed base manages more than a million Internet telephony users in the U.S. and Europe. NetScout, which is led by CEO Anil Singhal, makes software to help businesses run their IP networks more efficiently. The company operates in a competitive sector that includes startups like Seattle-based ExtraHop Networks. For the most recent quarter, NetScout reported a profit of about $11 million on roughly $76 million in revenue.