NetScout sells LinkRunner, entire handheld-tester portfolio to private equity firm
LinkRunner, LinkSprinter, OneTouch, AirCheck, and AirMagnet product lines acquired by StoneCalibre.
NetScout Systems Inc. divested its handheld network test business on September 14. The company announced that StoneCalibre acquired the portfolio of solutions that include the LinkRunner Network Auto-Tester, LinkSprinter Network Tester, OneTouch AT Network Assistant, AirCheck G2 Wireless Tester, and AirMagnet Mobile solutions.
NetScout said it “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 [handheld network test] as a standalone company in its portfolio.”
StoneCalibre, headquartered in Los Angeles, CA, specializes in acquiring lower-middle-market companies, according to its website. The firm added it “is focused on making investments in both special situations and quality long-term capital investment opportunities.”
It holds a portfolio of companies across several industries. Among the communications-related companies owned by StoneCalibre include software-based unified communications systems provider Applied Voice and Speech Technologies; in-vehicle mobile hardware and software system provider Data911; wireless transmitter, receiver, and antenna manufacturer BMS; and telecommunications infrastructure management solution provider NetPlus.