JDSU will acquire Finisar’s Network Tools business for approximately $40.6 million in cash. The Network Tools business, which had revenue of $44.2 million in Finisar’s fiscal year 2009 ending April 30, 2009, provides storage area network (SAN) protocol test tools, software and services. The companies expect to close the transaction before the end of July 2009.
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.
JDSU said the acquisition will help it expand its lab test market presence. Network Tools’ customers include the world’s leading storage network system and component manufacturers, system integrators as well as enterprises operating major data centers. The combination of JDSU’s communications test development expertise in areas such 40/100G with Network Tools’ strength in storage network protocol test will fuel product innovation addressing Fibre Channel over Ethernet and other emerging SAN test market opportunities.
The Network Tools business, currently headquartered in Sunnyvale, CA, includes more than 100 employees worldwide. Upon close of the transaction, Network Tools will form the Storage Network Test unit in the Instrument Business Division of JDSU’s Communications Test and Measurement business segment. Dave Buse will continue to lead the business, reporting to Jerry Gentile, general manager of JDSU’s Instrument Business Division.
http://www.jdsu.com
http://www.finisar.com
