Wednesday, July 15, 2009

JDSU Completes Acquisition of Finisar's Network Tools Business

JDSU completed its acquisition of the Network Tools business of Finisar Corporation. The company said the acquisition established it the world's leading provider of storage area network (SAN) protocol test tools, software and services.

"This acquisition provides JDSU with unique capabilities to address the SAN test market's best growth opportunities, such as Fibre Channel over Ethernet," said Dave Holly, president of JDSU's Communications Test and Measurement business segment. "We welcome the Network Tools team to JDSU and look forward to combining our respective strengths to deliver test innovation for the benefit of our customers."

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.