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United States : $2.6B deal to fast-track NETSCOUT's entry into Cyber Intelligence market [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Netscout Systems has signed a definitive deal to acquire the Communications business of Danaher Corporation, made up of Tektronix Communications, Arbor Networks, and some parts of Fluke Networks. The deal will provide, Danaher stakeholders with nearly 62.5 million stock of NetScout common share, which estimates the deal at $2.6 billion, based on NetScout's closing price of $41.91 on 10th October, 2014. The move will boost NetScout s scale and expand its customer base in both the service provider and business markets. It will also fast-track the company's entry into the Cyber Intelligence market. The deal would be closed in the first half of NetScout s financial year 2016. Co-founder, president and CEO of NetScout, Anil Singhal, said : "This combination represents another important step, and a major milestone, towards accelerating our ability to compete on a larger and more global scale in the broader IT management and Cyber Intelligence space, to fully implement our NetScout 3.0 strategy, and to maximize our potential in our total addressable market." Danaher's Executive Vice President, James A. Lico, added : NetScout s high-performance monitoring technology combined with our premier troubleshooting, cyber security and engineering solutions will create the most comprehensive suite of best-in-class solutions in the industry today. The combined company will offer even greater breadth and depth across both carrier and enterprise networks, expanding opportunities for innovation and growth while improving our customers overall experience with comprehensive software-based solutions." (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |