LONDON, 6 December 2012 – Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to announce it is acting as financial adviser, NOMAD and broker to Endace Limited (AIM: EDA) on its £80.7m recommended cash offer from Emulex Corporation.

Endace is a New-Zealand based network monitoring company that specialises in network visibility and intelligent network recording, and its shares have been quoted on London’s AIM market since June 2005 when Panmure Gordon advised the company on its IPO.

The acquisition of Endace Limited by Emulex Corporation is being conducted by way of a public offer under the New Zealand Takeovers Code and is expected to close in January 2013.