JDSU To Buy Network Instruments For $200 Mln In Cash - Quick Facts

(RTTNews) - JDS Uniphase Corp. (JDSU), Wednesday said it entered into a definitive agreement to acquire Network Instruments, a developer of enterprise network and application-performance management solutions for $200 million cash, subject to certain adjustments. The deal is expected to close within about 45 days. The acquisition is expected to add to JDSU earnings on an adjusted basis, from 2014 fourth quarter.

The transaction is expected to further strengthen JDSU in the enterprise, data center 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 growing at nearly 13 percent, including the application-aware network performance management and network packet broker markets. Network Instruments will also add employee base to JDSU that includes research and development, sales, marketing and production teams. The company has about125 employees and had annual revenue of nearly $40 million for the trailing twelve month period.

The acquisition of Network Instruments will expand JDSU's Network and Service Enablement product portfolio with several enterprise products, including Observer Monitoring Platform, GigaStor Retrospective Analysis Appliance and Matrix Network Monitoring Switch.