JDSU Completes Acquisition of Millennium
Portfolio Company Agility Communications, Inc.
San Jose, California, November. 30, 2005
JDSU (Nasdaq: JDSU; TSX: JDU) today announced that it has completed its acquisition
of Agility Communications, Inc., a leading provider of widely tunable laser solutions
for the optical network. JDSU paid approximately $67 million for privately held
Agility Communications, Inc., comprising approximately $57 million in stock and
$10 million in cash.
The acquisition, announced in September, is another example of JDSU's commitment
to investing in innovative technologies in potentially high growth markets. Adding
Agility's tunable laser solutions further expands JDSU's portfolio for the agile
network. Tunable lasers simplify the deployment of high-speed, metro and long-haul
networks and enable next-generation services.
Agility has already been selling tunable transmitter and transponder products
to top tier customers, including Siemens, Marconi, Mahi Networks, Tropic Networks,
ECI, and many others. Many service providers have already migrated or announced
plans to move to tunable solutions for agile, optical networks, including AT&T,
SBC, Deutsche Telekom, and Verizon.
JDSU's agile network portfolio includes products such as EDFAs, ROADMs, wavelength
blockers, and optical channel monitors. For more information on JDSU's agile
network portfolio, visit http://www.jdsu.com/.
About JDSU
JDSU is committed to enabling broadband & optical innovation in the communications,
commercial and consumer markets. JDSU is the leading provider of communications
test and measurement solutions and optical products for telecommunications service
providers, cable operators, and network equipment manufacturers. Furthermore,
JDSU is a leading provider of innovative optical solutions for medical/environmental
instrumentation, semiconductor processing, display, brand authentication, aerospace
and defense, and decorative applications. More information is available at http://www.jdsu.com/. |