JDSU Plans to Acquire Network Instruments for $200 Million
Thoma Bravo makes another successful exit as JDSU announces plans to acquire Network Instruments for $200M in cash.
JDSU is continuing its push into the enterprise networking space today with the announcement of plans to acquire Network Instruments. JDSU will pay $200 million in cash for Network Instruments. The deal is set to close within the next 45 days.
Network Instruments has 125 employees that helped the company generate approximately $40 million in revenue over the last 12-month period. The company is well known for its GigaStor and Observer product portfolio, which provides application and network management capabilities.
"JDSU's commitment to product innovation and its leadership position with service providers will provide Network Instruments with a strong entry into the carrier market for performance management solutions," Douglas Smith, president, CEO and co-founder of Network Instruments, said in a statement. "In turn, our robust product line and strong relationships with our enterprise channel partners will benefit JDSU as we bring our products under the JDSU brand."
JDSU sees the Network Instruments products as complementary to its existing portfolio of solutions.
"Network Instruments has outstanding new products and an excellent reputation across the enterprise market, with nearly twenty years of experience and strong customer relationships," said David Heard, president of the Network and Service Enablement business segment at JDSU.
Network Instruments was acquired by private equity group Thoma Bravo back in April of 2012 for an undisclosed sum. At the time, Thoma Bravo acquired a controlling interest in the company from Network Instruments founders Roman Olynick and Douglas Smith.
The Network Instrument sale will likely be a profitable exit for Thoma Bravo, which sold its holdings in network security vendor SonicWALL to Dell in 2012.
Sean Michael Kerner is a senior editor at EnterpriseNetworkingPlanet and InternetNews.com. Follow him on Twitter @TechJournalist