NETSCOUT Divests Handheld Network Test Business
September 17 2018 - 9:00AM
Business Wire
StoneCalibre Acquires Handheld Network Test
Tools for Wireless and Wireline Enterprise Networks
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.
About NETSCOUT
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.
About StoneCalibre
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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version on businesswire.com: https://www.businesswire.com/news/home/20180917005365/en/
NETSCOUTMedia ContactDonna Candelori,
+1-408-571-5226Director, Corporate
Communicationsdonna.candelori@netscout.comorInvestor
ContactAndrew Kramer, +1-978-614-4279Vice President, Investor
Relationsandrew.kramer@netscout.com
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