JDSU to Acquire Network Instruments

JDSU has entered into a definitive agreement to acquire Network Instruments, a developer of enterprise network and application-performance management solutions. JDSU plans to acquire Network Instruments for $200 million in cash, subject to certain adjustments. The companies expect to close the transaction, subject to customary regulatory approvals, within approximately 45 days.

The acquisition expands the addressable market for JDSU’s Network and Service Enablement business segment by more than $1 billion in markets growing at nearly 13 percent, says the company, including the application-aware network performance management and network packet broker markets.

Network Instruments will also add an employee base to JDSU that includes research and development, sales, marketing and production teams with decades of experience in the enterprise market. The company has approximately 125 employees and had annual revenue of approximately $40 million for the trailing 12 month period. The transaction is expected to be accretive to JDSU earnings on a non-GAAP basis starting in the fourth quarter of FY14.

JDSU and Network Instruments offer highly complementary product portfolios. As enterprise and carrier network performance management requirements converge, driven by an ever-increasing number of connected mobile devices and the need for improved visibility into application performance, JDSU and Network Instruments are uniquely qualified to create new and differentiated solutions for both markets.

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