NETSCOUT Divests Handheld Network Test Business
WESTFORD, Mass.--(BUSINESS WIRE)--Sep 17, 2018--NETSCOUT SYSTEMS, INC., (NASDAQ: NTCT), a leading provider of service assurance, security, and business analytics, announced today that as of September 14, 2018, it has completed the divestiture of its handheld network test (HNT) tools business. StoneCalibre has acquired the portfolio of HNT solutions. Terms of the transaction were not publicly disclosed.
The HNT portfolio acquired by StoneCalibre includes the LinkSprinter™ Network Tester, LinkRunner™ Network Auto-Tester, OneTouch AT Network Assistant, AirCheck™ G2 Wireless Tester, and AirMagnet Mobile solutions. NETSCOUT will work toward a smooth transition for customers, partners, contractors and suppliers by collaborating with StoneCalibre to provide a variety of services across a range of functional areas over the next several months as StoneCalibre completes its carve-out of HNT as a standalone company in its portfolio.
Mooreland Partners LLC acted as exclusive financial advisor to NETSCOUT SYSTEMS, INC. in connection with this transaction.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) assures digital business services against disruptions in availability, performance, and security. Our market and technology leadership stems from combining our patented smart data technology with smart analytics. We provide real-time, pervasive visibility, and insights customers need to accelerate and secure their digital transformation. Our approach transforms the way organizations plan, deliver, integrate, test, and deploy services and applications. Our nGenius service assurance solutions provide real-time, contextual analysis of service, network, and application performance. Arbor security solutions protect against DDoS attacks that threaten availability and advanced threats that infiltrate networks to steal critical business assets. To learn more about improving service, network, and application performance in physical or virtual data centers, or in the cloud, and how NETSCOUT’s performance and security solutions, powered by service intelligence can help you move forward with confidence, visit www.netscout.com or follow @NETSCOUT and @ArborNetworks on Twitter, Facebook, or LinkedIn.
Headquartered in Los Angeles, CA, StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. Founded by Brian Wall in 2012, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities. For more information please visit our website at www.stonecalibre.com.
©2018 NETSCOUT SYSTEMS, INC. All rights reserved. NETSCOUT, the NETSCOUT logo, Guardians of the Connected World, Adaptive Service Intelligence, AirCheck, Arbor Networks, the Arbor Networks logo, ATLAS, InfiniStream, InfiniStreamNG, LinkRunner, LinkSprinter, nGenius, nGeniusPULSE and nGeniusONE, are registered trademarks or trademarks of NETSCOUT SYSTEMS, INC., and/or its subsidiaries and/or affiliates in the USA and/or other countries. Third-party trademarks mentioned are the property of their respective owners.
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Donna Candelori, +1-408-571-5226
Director, Corporate Communications
Andrew Kramer, +1-978-614-4279
Vice President, Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA MASSACHUSETTS
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: NETSCOUT SYSTEMS, INC.
Copyright Business Wire 2018.
PUB: 09/17/2018 09:00 AM/DISC: 09/17/2018 09:01 AM