JDSU today announced that it has entered into a definitive agreement to acquire the Network Tools business of Finisar Corporation. Network Tools, which had revenue of $44.2 million in Finisar's fiscal year 2009 ending April 30, 2009, is the world's leading provider of storage area network (SAN) protocol test tools, software and services. Under the terms of the agreement, JDSU will acquire the Network Tools business for approximately $40.6 million in cash and the parties expect to close the transaction before the end of July 2009.
The complementary acquisition, which JDSU expects to contribute positive operating income in the
The complementary acquisition, which JDSU expects to contribute positive operating income in the
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