Keynote Systems of San Mateo, Calif., is acquiring DeviceAnywhere, a mobile testing and quality assurance provider. The purchase includes approximately $60 million in cash plus a potential earn-out of up to $30 million. The partnership is expected to add product breadth and scale to Keynote’s mobile monitoring product line and solidify its leadership in the enterprise mobile business; it will allow Keynote to address a wider spectrum of the mobile market by offering new and existing enterprise customers solutions in both mobile performance monitoring and mobile testing/quality assurance. DeviceAnywhere offers cloud-based products and services for testing and monitoring mobile apps and web sites. More than 1,200 organizations rely on the solution provider’s platform to accelerate the quality assurance lifecycle. “Combining DeviceAnywhere’s leading testing and quality assurance cloud-based solutions with our strong mobile monitoring business firmly establishes Keynote as a leader in the mobile testing and monitoring markets,” said Umang Gupta, Chairman and CEO of Keynote. “The resulting increase in product breadth and scale meaningfully enhances our competitive position. In addition, the acquisition will expand our addressable market into the immediately adjacent enterprise mobile testing and quality assurance space, which could enable us to grow into a $100 million business.” The acquisition is expected to be finalized prior to November 2011 and is subject to customary close conditions. DeviceAnywhere employees are expected to join Keynote by 2012.
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