Milpitas-Based JDSU to Acquire Finisar's Network Tools Business

Milpitas, Calif. -- JDS Uniphase (JDSU), a Milpitas-based provider of communications test and measurement equipment, said on Thursday that it will pay $40.6 million in cash to acquire the Sunnyvale-based Network Tools business of Finisar. The deal is expected to close later this month. Network Tools provides storage area network (SAN) protocol test tools, software and services, and generated $44.2 million in revenue for the fiscal year ending April 30. Dave Holly, the president of JDSU's Communications Test and Measurement business, said that the acquisition will allow his company to offer enhanced services to its lab and manufacturing customers. The Network Tools business, which has more than 100 employees, will become a new unit of JDSU, with Dave Buse continuing to lead the business.
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