JDSU Acquires Picolight

MILPITAS, Calif. -- JDSU, a leading enabler of broadband and optical innovation, today announced the completion of its acquisition of Picolight, a leading designer and manufacturer of optical pluggable transceivers.

The acquisition significantly strengthens JDSU’s position in high-growth pluggable optics for the enterprise market and adds an established, vertically integrated manufacturing model.

“Demand for reliable data management and delivery continues to grow, particularly among enterprises,” said David Gudmundson, president ofJDSU’s Optical Communications business segment. “With this acquisition,we are able to serve market demand for 8 and 10 Gigabit data networks, and provide a clear path to 100 Gigabits in the future. We are encouraged by the feedback from customers and are confident that our combined companies have the scale and strength to compete in today’s enterprise and service provider markets.”

JDSU (Nasdaq: JDSU; Toronto: JDU)

Picolight Corp.