JDSU has entered into a definitive agreement to acquire the Network Tools business of Finisar Corp.
Network Tools, which had revenue of $44.2 million in Finisar’s fiscal year 2009 ending April 30, is a provider of storage area network protocol test tools, software and services. Under the terms of the agreement, JDSU will acquire the Network Tools business for approximately $40.6 million in cash and the parties expect to close the transaction before the end of this month.
“The Network Tools business is an excellent strategic fit with JDSU,” said Dave Holly, president of JDSU’s Communications Test and Measurement business segment. “The acquisition will immediately establish JDSU as the leading provider of storage network test solutions and create new opportunities to deliver innovation and enhanced services to our lab and manufacturing customers from our combined test expertise.”
The Network Tools portfolio, focused on the SAN analysis and data generation and load testing segments, specializes in a wide range of storage protocols, such as Fibre Channel, Gigabit Ethernet, 10GigE, iSCSI, SAS and SATA.
