EXFO Electro-Optical Engineering Inc. (EXFO, EXF.TO) Monday revealed the acquisition of PicoSolve, Inc., a private test and measurement company. PicoSolve offers the industry's fastest optical sampling oscilloscopes for 40G and 100G R&D, manufacturing and deployment applications.
PicoSolve also provides ultra-high-speed optical sampling oscilloscopes to network equipment manufacturers or NEMs involved in the design and production of next-generation optical networks. Network service providers or NSPs will also require such high-end test equipment for their deployment initiatives.
EXFO noted that NEMs are increasing the transmission rates of their optical networks to 40 Gbit/s and, in the near future, to 100 Gbit/s. According to Infonetics Research, the global market for 40G and 100G optical network equipment should grow at a compound annual growth rate of 46.2% from 2009 to 2011 to reach US$5.1 billion.
Germain Lamonde, EXFO's Chairman, President and CEO, commented, "PicoSolve's optical sampling oscilloscopes and the deep knowledge base that its team brings to EXFO will prove to be invaluable assets as technologies migrate from R&D labs, onto manufacturing floors, and into the field in upcoming years."
EXFO closed Monday's regular trade at $3.91, flat with the previous close, on 25,700 shares.
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