[March 11, 2013] JDSU acquires Arieso for USD85m in cash Tweet Mar 11, 2013 (M2 EQUITYBITES via COMTEX) -- JDSU (Nasdaq:JDSU) (TSX: JDU) announced on Friday the acquisition of Arieso, a provider of location-aware software solutions for mobile network operators, for USD85m in cash. This acquisition of Arieso is expected to bring high-calibre mobile software engineering expertise to JDSU to address the rapidly growing deployment of small cells and challenges associated with limited spectrum capacity. JDSU will expand its portfolio of high-value mobility software with AriesoGEO and AriesoACP. JDSU is expected to integrate Arieso's products with complementary solutions such as PacketPortal, JDSU's open software platform, providing end-to-end visibility across mobile networks. Also, JDSU also announced that it will be issuing grants of compensatory restricted stock unit awards to employees joining JDSU in connection with the acquisition, which are generally comparable to equity awards that JDSU grants to its similarly situated new employees. These grants were made under the JDS Uniphase Corporation 2005 Acquisition Equity Incentive Plan, which was approved by the board of directors of JDSU, but not submitted for the approval of the stockholders of JDSU. Reportedly, these restricted stock unit awards were approved by the JDS Uniphase Corporation's board on 1 March 2013, with such approval being further subject to the close of the acquisition. Pursuant to such approval, on 15 March 2013, JDSU will award restricted stock units covering 207,880 shares of JDSU common stock. Awards will be granted to 12 employees. JDS Uniphase Corporation provides communications test and measurement solutions and optical products. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]