(Source: Datamonitor)
Finisar Corporation, a provider of optical subsystems and components, has entered into a definitive agreement to sell its network tools business, excluding accounts receivable and payables related to the business, to JDSU, a provider of communications test and measurement solutions, for $40.6 million in cash. The sale is expected to be completed on or about July 15, 2009.
Finisar's network tools division develops data protocol analysis equipment. These analyzers allow engineers, service technicians and network managers to generate and capture data at high speeds, filter the data, identify various types of intermittent errors and verify protocol compliance for SANs and LANs, including emerging technologies such as VOIP, 10GigE, iSCSI, SAS/SATA and FCoE.
Jerry Rawls, executive chairman of the board at Finisar, said: "The recent Optium merger helped underscore the fact that we are primarily an optics company and that, for the network tools business to continue to grow and be successful, it needs to have a larger presence and a broader product line. The sale of this business will enable us to focus all of our attention and resources on what we do best: design next generation products for optical communications."
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