Monday, August 3, 2015

Viavi Solutions Lauches Following the Split up of JDSU

JDSU completed the spinoff of its Communications and Commercial Optical Product business segment as Lumentum, and launched its new identity as Viavi Solutions.

Viavi will commence “regular-way” trading on the NASDAQ Stock Market on August 4, 2015 under the ticker symbol VIAV. The JDSU ticker symbol has been retired.

Viavi includes JDSU’s Network Enablement (“NE”), Service Enablement (“SE”) and Optical Security and Performance Products (“OSP”) businesses.

“This is an important milestone as we mark the successful completion of the spinoff,” said Tom Waechter, Viavi’s president and chief executive officer. “Viavi is poised to capture the opportunities created by the industry’s transition to new network architectures and the need for increased network and application visibility. We believe that the spinoff will improve Viavi’s agility and increase focus, allowing us to accelerate our progress and deliver for our customers and shareholders.”