NetScout Systems, Inc., (NASDAQ: NTCT), a provider of service assurance, security, and business analytics, has announced that it has completed the divestiture of its handheld network test (HNT) tools business, the company said.
StoneCalibre has acquired the portfolio of HNT solutions. Terms of the transaction were not publicly disclosed.
The HNT portfolio acquired by StoneCalibre includes the LinkSprinterâ¢ Network Tester, LinkRunnerâ¢ Network Auto-Tester, OneTouch AT Network Assistant, AirCheckâ¢ G2 Wireless Tester, and AirMagnet Mobile solutions. NetScout will work toward 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.
NetScout Systems assures digital business services against disruptions in availability, performance, and security. For more, visit www.NetScout.com or follow @NetScout and @ArborNetworks on Twitter, Facebook, or LinkedIn.
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, visit www.stonecalibre.com.