JDSU has completed the acquisition of Network Instruments.
JDSU announced its intent to acquire Network Instruments on December 11, 2013 for $200 million in cash, subject to certain adjustments.
The acquisition of Network Instruments further strengthens JDSU as a solutions provider to 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 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," said David Heard, president of JDSU's Network and Service Enablement business segment. "We welcome the talented Network Instrument's 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 be integrated into JDSU's Network and Service Enablement business segment.
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