NetScout Systems

Last updated
NetScout Systems, Inc.
Company type Public
Founded1984;40 years ago (1984)
Founders
  • Anil K. Singhal
  • Narendra Popat
Headquarters Westford, Massachusetts, U.S.
Area served
Worldwide
Key people
Anil K. Singhal
(chairman, president, & CEO)
Jean Bua
(vice president & CFO)
RevenueDecrease2.svg US$829 million (2024)
Decrease2.svgUS$−150 million (2024)
Decrease2.svgUS$−148 million (2024)
Total assets Decrease2.svgUS$2.59 billion (2024)
Total equity Decrease2.svgUS$1.89 billion (2024)
Number of employees
2,296 (2024)
Website netscout.com
Footnotes /references
[1] [2]

NetScout Systems, Inc. (stylized as NETSCOUT) is a provider of application performance management and network performance management products located in Westford, Massachusetts.

Contents

In July 2015, NetScout acquired the communications business of Danaher Corporation, including Arbor Networks, Fluke Networks, Tektronix Communications and VSS Monitoring. [3] NetScout has subsidiaries in the Cayman Islands, [4] a tax haven.

History

NetScout Systems was founded by Anil Singhal and Narendra Popat as Frontier Software in 1984. NetScout created the first RMON-based Ethernet Probe in 1992.[ citation needed ]

In November 2007, NetScout acquired the Sniffer, Infinistream, and Network Intelligence product lines of Network General. [5] NetScout merged both product lines to allow their Performance Manager product to use both probes and Infinistream technologies. [6]

In April 2011, NetScout acquired voice and video management company, Psytechnics, from Ipswich U.K. [7] It then acquired Fox Replay, a privately held Dutch company in 2011, [8] and later that year, after many years of partnering and complementing solutions for network switch port aggregation, NetScout moved directly into competition with its partners by acquiring privately held Simena Networks. [9]

In October 2014, NetScout Systems announced it had entered into a definitive agreement to acquire the Communications business of science and technology company Danaher Corporation for about $2.6 billion. Upon completion of the merger, Danaher's shareholders would own nearly 59.5 percent of the combined company, and NetScout shareholders would own the remaining stake. [10] Analyst firm 451 Research, a technology-industry syndicated research and data firm, predicted in May 2015 that with the acquisition, NetScout will be the largest company in the network visibility management space, with "more than 3,000 employees and well over $1bn a year in revenue". [11]

In July 2015, NetScout finalized its acquisition of the communications business of Danaher Corporation, including Arbor Networks (security systems), Fluke Networks (RF and Wi-Fi network troubleshooting and analytics), Tektronix Communications (traffic inspection, customer experience management and analytics) and VSS Monitoring (network packet brokers). [3] In a prepared statement, the company noted that the acquisition "accelerates NetScout's strategic progress by enabling the company to offer [...] innovative service assurance and cyber security solutions" and adds new employees to NetScout. [12]

Acquisitions

NetScout Systems acquired Network General in 2007. [1] Network General developed the original network packet sniffer (The Sniffer) in 1986; it merged with McAfee Associates in 1997 to form Network Associates. [5] [13] In mid-2004, Network Associates sold off the Sniffer Technologies business to Silver Lake Partners and Texas Pacific Group for $275 million in cash to form Network General. [14] In early 2006, Network General acquired Fidelia Technology, adding the NetVigil Business Service Monitoring technology to their network and application performance analysis tools. In September 2007, Network General agreed to be acquired by NetScout Systems for $205 million. [15]

Related Research Articles

<span class="mw-page-title-main">Packet analyzer</span> Computer network equipment or software that analyzes network traffic

A packet analyzer, also known as packet sniffer, protocol analyzer, or network analyzer, is a computer program or computer hardware such as a packet capture appliance that can analyze and log traffic that passes over a computer network or part of a network. Packet capture is the process of intercepting and logging traffic. As data streams flow across the network, the analyzer captures each packet and, if needed, decodes the packet's raw data, showing the values of various fields in the packet, and analyzes its content according to the appropriate RFC or other specifications.

<span class="mw-page-title-main">Tektronix</span> American test and measurement devices company

Tektronix, historically widely known as Tek, is an American company best known for manufacturing test and measurement devices such as oscilloscopes, logic analyzers, and video and mobile test protocol equipment. Originally an independent company, it is now a subsidiary of Fortive, a spinoff from Danaher Corporation.

<span class="mw-page-title-main">Danaher Corporation</span> American conglomerate

Danaher Corporation is an American global conglomerate founded in 1984 by brothers Steven and Mitchell Rales. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and services. Danaher was among the first companies in North America to adopt Kaizen principles, a Japanese lean manufacturing philosophy of continuous improvement and efficiency. The company held US$84.5 in assets as of 2023.

Parker Meggitt is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.

Maxim Integrated, a subsidiary of Analog Devices, designs, manufactures, and sells analog and mixed-signal integrated circuits for the automotive, industrial, communications, consumer, and computing markets. Maxim's product portfolio includes power and battery management ICs, sensors, analog ICs, interface ICs, communications solutions, digital ICs, embedded security, and microcontrollers. The company is headquartered in San Jose, California, and has design centers, manufacturing facilities, and sales offices worldwide.

Spirent Communications plc is a British multinational telecommunications testing company headquartered in Crawley, West Sussex, in the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Fluke Corporation</span> American manufacturer of electronic test equipment

Fluke Corporation is an American manufacturer of industrial test, measurement, and diagnostic equipment, including electronic test equipment. It was started in 1948 by John Fluke while he was employed at General Electric.

AirMagnet was a Wi-Fi wireless network assurance company based in Sunnyvale, California. The firm was founded in 2001 by Dean T. Au, Chia-Chee Kuan and Miles Wu and shipped its first WLAN analyzer product in 2002. In August 2006, the company shipped the Vo-Fi Analyzer, the first voice-over-Wi-Fi analyzer that could be used on encrypted VoWLAN networks. It was backed by venture capital firms such as Intel Capital, Acer Technology Ventures and VenGlobal.

Packeteer, Inc., founded in 1996 by Robert Packer, Brett Galloway and Bob Luxenberg was an I.T. company based in Cupertino, California that was listed on the NASDAQ. Networking appliances focus on Application Traffic Management and optimization for wide area networks. They held at least 40 patents for various network optimization methods. Packeteer was acquired by Blue Coat Systems in 2008.

<span class="mw-page-title-main">Network General</span>

Network General Corporation was an American technology company active between 1986 and 2007 and based in Silicon Valley. Founded in 1986 by Harry Saal and Len Shustek to develop and market network packet and protocol analyzers, the company's flagship product, the Sniffer was the market leader in its field for many years. In 1997, Network General was acquired by McAfee Associates (MCAF) for $1.3 billion, and the two companies merged to form Network Associates. In 2004, Network Associates sold off most of the patents originally belonging to Network General to a group of investors including Saal, who founded a new Network General Corporation. In 2007, NetScout Systems acquired the new Network General for $205 million.

Gilbarco Inc., doing business as Gilbarco Veeder-Root, is a supplier of fuel dispensers, point of sales systems, payment systems, forecourt merchandising and support services. The company operates as a subsidiary of Vontier and its headquarters are in Greensboro, North Carolina, United States. It employs approximately 4,000 people worldwide, with sales, manufacturing, research, development, and service locations in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East and Africa.

<span class="mw-page-title-main">Nimsoft</span>

Nimsoft was an independent company software vendor that offered information technology (IT) monitoring, service desk products, and services. It was acquired by CA Inc. in 2010, and since October 2012 its products were integrated into that business. The Nimsoft brand is still used by CA.

<span class="mw-page-title-main">Arbor Networks</span>

Arbor Networks is a software company founded in 2000 and based in Burlington, Massachusetts, United States, which sells network security and network monitoring software, used – according to the company's claims – by over 90% of all Internet service providers. The company's products are used to protect networks from denial-of-service attacks, botnets, computer worms, and efforts to disable network routers. The service employs port scanning from the IP range 146.88.240.0/24 in which threats are being detected.

Ipswitch is an IT management software developer for small and medium sized businesses. The company was founded in 1991 and is headquartered in Burlington, Massachusetts and has operations in Atlanta (Alpharetta) and Augusta, Georgia, American Fork, Utah, Madison, Wisconsin and Galway, Ireland. Ipswitch sells its products directly, as well as through distributors, resellers and OEMs in the United States, Canada, Latin America, Europe and the Pacific Rim. Since 2019, Ipswitch is part of Progress Software.

<span class="mw-page-title-main">Keithley Instruments</span>

Keithley Instruments is a measurement and instrument company headquartered in Solon, Ohio, that develops, manufactures, markets, and sells data acquisition products, as well as complete systems for high-volume production and assembly testing.

Radiometer is a Danish multinational company which develops, manufactures and markets solutions for blood sampling, blood gas analysis, transcutaneous monitoring, immunoassay testing and the related IT management systems. The company was founded in 1935 in Copenhagen, Denmark by Børge Aagaard Nielsen and Carl Schrøder. It has over 3,200 employees and direct representation in more than 32 countries. Corporate headquarters remain in Copenhagen.

<span class="mw-page-title-main">John O'Farrell (venture capitalist)</span> Irish venture capitalist

John O’Farrell is an Irish venture capitalist at the Silicon Valley firm Andreessen Horowitz, which he joined in June 2010 as its third general partner. He serves on the boards of PagerDuty, Slack, Factual, GoodData, Granular, IFTTT, ItsOn and the Second Harvest Food Bank of Santa Clara and San Mateo Counties.

Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of December 2022, Fortive has over 18,000 employees in 60 countries worldwide.

Xura, Inc. , previously known as Comverse, Inc., was a technology company headquartered in Wakefield, Massachusetts, United States, in existence from 2013 to 2017, that offered a portfolio of digital services which enabled global communications across a variety of mobile devices and platforms. Xura marketed and sold to communications service providers (CSPs) and to enterprises.

<span class="mw-page-title-main">Sniffer (protocol analyzer)</span> Network packet and protocol analyzer

The Sniffer was a computer network packet and protocol analyzer developed and first sold in 1986 by Network General Corporation of Mountain View, CA. By 1994 the Sniffer had become the market leader in high-end protocol analyzers. According to SEC 10-K filings and corporate annual reports, between 1986 and March 1997 about $933M worth of Sniffers and related products and services had been sold as tools for network managers and developers.

References

  1. 1 2 Louis Columbus. "NETSCOUT Systems on the Forbes America's Best Small Companies List". Forbes.
  2. "US SEC: Form 10-K NETSCOUT Systems, Inc". U.S. Securities and Exchange Commission. May 16, 2024.
  3. 1 2 Yahoo Business 2015.
  4. Ex 21 2018.
  5. 1 2 Denise Dubie (September 20, 2007). "Network General customers face more change; NetScout's pending acquisition of Network General could cause turmoil for customers if not handled properly". Network World. Archived from the original on February 20, 2016.
  6. "NETSCOUT Covers Network Monitoring and Analysis".
  7. Stephen Lawson (28 March 2011). "NETSCOUT to Buy Psytechnics to Better Probe Networks". CIO.
  8. "NETSCOUT Completes Acquisition Of Fox Replay BV". October 3, 2011.
  9. Rodney H. Brown (22 November 2011). "NETSCOUT buys switching tech company Simena". Boston Business Journal.
  10. Bloomberg 2014.
  11. 451 Research 2015.
  12. "NETSCOUT Systems Completes Acquisition of Danaher's Communications Business". NETSCOUT.com. July 14, 2015. Retrieved 15 January 2016.
  13. "NETSCOUT SYSTEMS INC (Form: S-1/A, Received: 08/06/1999 16:38:42)".
  14. Paul F. Roberts (16 July 2004). "Sniffer relaunched as Network General Corp". Network World. Archived from the original on December 22, 2015.
  15. Denise Dubie (20 September 2007). "NetScout buying Network General for $205 million". Network World.

Further reading