I have a Radeon HD5570

I am planning on using this adapter to place a third VGA monitor in the DisplayPort:

However, before I spend the money on this particular adapter, I need to know if it will do what I need it to do. I need the adapter to provide output to a third monitior, in addition to the other monitors plugged into the onboard VGA and DVI ports.
Will this provide the triple-monitor functionality I am looking for?