Aeroflex Announces The Acquisition Of Shenick Network Systems

Acquisition of Unique Software Based Virtual Test Solution Expands Aeroflex Into Next Generation Networks

Aeroflex Holding Corp. ("Aeroflex") a leading global provider of high performance microelectronic components, and test and measurement equipment, recently announced the acquisition of Shenick Network Systems (“Shenick”), a leading edge provider of virtual testing for next generation software defined networking.

“Shenick provides Aeroflex with next generation technology in the rapidly growing virtual test market,” stated Len Borow, Aeroflex’s Chief Executive Officer. “For the last two years, we have partnered with Shenick to enhance the capabilities of our wireless infrastructure test products. Shenick’s unique TeraVM software product offers network providers the ability to emulate and measure millions of unique IP application flows to support network and application development and performance testing in next generation converged and cloud based networks. We believe that this acquisition will help us continue to grow and maintain our leading market position in wireless infrastructure test equipment and to increase our gross margins and profitability while expanding our end markets.”

Aeroflex expects the acquisition to be neutral to its fiscal 2014 financial results and accretive to its fiscal 2015 financial results.

About Shenick
Shenick, headquartered in Dublin, Ireland, is a pioneer in the IP test and measurement testing market and has developed a unique solution for today’s virtualized and physical network infrastructure. TeraVM helps service providers and network equipment manufacturers load, analyze, develop and validate the performance and capabilities of a wide variety of network and security devices including VPN/Firewall, vSwitch, DPI or IPS/IDS, vLoad Balancer and video infrastructure. Additionally, TeraVM provides highly realistic and very high load traffic generation and analysis from 1 Gigabit to 1 Terabit of fully stateful data application traffic, with comprehensive measurement and performance analysis on each and every application flow to easily pinpoint and isolate problems.

About Aeroflex
Aeroflex Holding Corp. is a leading global provider of high performance microelectronic components, and test and measurement equipment used by companies in the space, avionics, defense, commercial wireless communications, medical and other markets. For more information, visit www.aeroflex.com.