The provider of test, assurance, and analytics solutions will pay an initial US$55mln (£39mln), funded from existing cash resources, with extra consideration capped at US$18mln (£13mln) based on annual revenue growth targets for 2021 and 2022 and retention of key staff.
Founded in 2006 in the US, octoScope uses patented technology to provide automated Wi-Fi and 5G testing in emulated real-world environments, including the latest Wi-Fi 6 and 6E technologies.
Its products are used by a blue-chip roster of communication service providers, chipset, device, network infrastructure and Wi-Fi equipment vendors, including Google, Facebook, Verizon, Qualcomm, Nokia, Amazon, Philips and Sony.
As of December 2019, it had gross assets of US$11mln, having delivered revenue of US$17mln and profit before tax of US$4mln during the year.
Revenue came in at around US$20mln in 2020.
Spirent said this acquisition is complementary and in line with its targeted investment plans announced in October.
It added that it will become “the Wi-Fi test leader” while extending capabilities for 5G solutions.