Los Angeles, CA (September 18, 2018) – StoneCalibre is pleased to announce that as of September 14, 2018, it has completed the divestiture of the handheld network test (HNT) tools business from NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT). StoneCalibre has acquired this pioneering portfolio of HNT solutions along with a global team of experienced executives, product engineers, sales, marketing and operations professionals. Terms of the transaction were not disclosed.
“We are thankful to have been chosen by NetScout as the acquirer of its differentiated portfolio of handheld network testing and wireless planning tools which are underpinned by an extremely talented employee base spanning thirteen countries worldwide,” said Brian Wall, Founder and CEO of StoneCalibre. “We look forward to partnering with HNT management to build upon its market leading products and develop new solutions for an increasingly connected world that is more dependent than ever on IoT, wired and wireless networks.”
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. During the transition period, NETSCOUT will ensure 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.
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.
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.
For more information please contact:
Phone: (310) 774-0376
Fax: (310) 427-7448