Mooreland Partners advises NetScout Systems on the sale of its Handheld Network Test Solutions business to StoneCalibre

NEW YORK – September 18, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to technology and growth industries, announced today that it acted as the exclusive financial advisor to NetScout Systems, Inc. (“NetScout”) on the sale of its Handheld Network Test Solutions business unit (“HNT”) to StoneCalibre, LLC (“StoneCalibre”).

HNT is a pioneer in the portable network testing market, offering a best-in-class, easy to use, product portfolio addressing the needs of wireless and wireline network technicians and network engineers. In 2017, NetScout management determined HNT to be a non-core part of the Company’s ongoing operations and engaged Mooreland to complete a divestiture of the asset. The business will be carved out of NetScout’s existing operations to become a new standalone portfolio company of StoneCalibre.

“HNT is a widely recognized leader in its field serving enterprise customers with best-in-class products.  The divestiture will allow HNT to focus on strategic growth initiatives with a new capital provider in StoneCalibre,” said Todd Feldman, Managing Director, Mooreland Partners.

ABOUT NETSCOUT
Headquartered in Westford, MA, NetScout is a leading provider in the service assurance market with both application and network assurance solutions, and security assurance with advanced DDoS and Advanced Threat (AT) solutions. The Company has accumulated unparalleled experience in monitoring and analyzing network and application traffic flows, whether across service provider and enterprise networks, on-premises infrastructure and hybrid cloud environments. Customers include large enterprises, governments, and communication service providers across North America, Europe, and Asia. For more information visit www.netscout.com.

ABOUT STONECALIBRE
Headquartered in Los Angeles, CA, StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. Founded by Brian Wall, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities. Its current portfolio includes 17 companies across sectors including healthcare, manufacturing, technology, and communications. For more information visit www.stonecalibre.com.