JDSU acquires Network Instruments
The firm is opening a new $1 billion enterprise networking, Cloud and data centre
JDSU has completed the acquisition of Network Instruments, a developer of enterprise network and application performance management solutions for global 2000 companies.
On December 11th, 2013, JDSU announced its intent to acquire Network Instruments for $200 million in cash, subject to certain adjustments.
The acquisition of Network Instruments further strengthens JDSU as a key solutions provider to the enterprise, data centre and cloud networking markets. It expands the addressable market for JDSU's Network and Service Enablement business segment by more than $1 billion in markets experiencing double-digit percentage growth annually, including the application-aware network performance management and network packet broker markets.
"The requirements of enterprise and carrier networks are rapidly converging, making this a highly complementary acquisition for JDSU," says David Heard, president of JDSU's Network and Service Enablement business segment. "We welcome the talented Network Instruments team and look forward to working with them on new and differentiated solutions that continue to benefit both markets."
Network Instruments, which had annual revenue of approximately $40 million for the trailing twelve month period and has 125 employees, will become a part of JDSU's Network and Service Enablement business segment. JDSU expects the acquisition to be accretive to earnings on a non-GAAP basis starting in the fourth quarter of FY14.
