JDS Uniphase Corp. said Wednesday that it would acquire Network Instruments, a 125-person Minnetonka tech firm, for $200 million in cash.
The seller is Thoma Bravo, a San Francisco-based private equity firm that bought a controlling stake in Network Instruments in 2012.
Thoma Bravo managing partner Seth Boro, in a statement, said that it had worked to support new products and revenue growth at Network Instruments. The Associated Press reported that Network Instruments, which makes network management products, had revenue of $40 million last year.
Milpitas, Calif.-based JDS said the deal will boost its business in the data center and cloud markets. The deal is expected to be complete within 45 days.
Kirkland & Ellis served as legal advisor and Credit Suisse served as financial advisor to Thoma Bravo.