Gimv sells its stake in the British software company Psytechnics to Nasdaq-listed Netscout Systems (www.netscout.com). With 2009/2010 sales of USD 260 million, Netscout is the market leader in Unified Service Delivery Management enabling comprehensive end-to-end network and application assurance. Netscout Systems completely acquires Psytechnics.
Psytechnics (www.psytechnics.com) was founded in 2000 and currently employs 28 people. Psytechnics is a leading provider of performance management technology that enables organizations to have real-time visibility on the quality and reliability of voice and video services as perceived by the end-user. Today, Psytechnics’ installed base manages over one million IP telephony users in the US and Europe.
The sale has no significant impact on Gimv’s last published equity value at 31 December 2010. No further financial details on this transaction will be disclosed.