Agilent Technologies Signs Agreement to Sell Network Solutions Business to JDSU

The network solutions business includes Agilent's network assurance solutions, network protocol test and drive test products. The business had annual revenue of $162 million in its fiscal year ending Oct. 31, 2009. Agilent is an industry leader in network assurance and in next-generation network test systems. Its customer base includes leading service providers and network equipment manufacturers from around the world.

Agilent is selling its network solutions business because it believes the business and its customers will be better served by a company that is focused exclusively on communications network test.

We are pleased to have reached an agreement with JDSU for the sale of our network solutions business, said Ron Nersesian, president of Agilent's Electronic Measurement Group. We believe JDSU is an excellent fit for this business. Their leadership and commitment to this market will benefit our customers and employees, and we are committed to a smooth transition over the coming few months.

Agilent's network solutions business employs approximately 700 people, with operations in Colorado, the U.K., Singapore and China.