Keynote Coughs Up $60 Million for DeviceAnywhere Acquisition

On Monday, executives at Keynote Systems – a well known Internet and mobile cloud monitoring outfit – announced plans to acquire Mobile Complete, Inc., which does business under the name of DeviceAnywhere.

DeviceAnywhere is a leading enterprise-class cloud-based platform for testing and monitoring mobile websites and apps.

The value of the acquisition is approximately $60.0 million.

In a press release issued Monday, Keynote hailed DeviceAnywhere as a provider of “award winning cloud-based products and services for testing and monitoring the functionality, usability, performance and availability of mobile apps and websites.”

“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,” says Umang Gupta, Chairman and CEO of Keynote. “The resulting increased product breadth and scale meaningfully enhance our competitive position. In addition, the acquisition will expand our addressable market into the immediately adjacent enterprise mobile testing and quality assurance space, which we project, could enable us to grow this into a $100 million business.”

The transaction is expected to close before the end of October.