Viavi Solutions Inc., is a global provider of network test, monitoring and
assurance solutions to communications service providers, enterprises, network
equipment manufacturers, civil government, military and avionics customers,
supported by a worldwide channel community including VIAVI Velocity Partners.
Our Velocity program (“Velocity”) allows us to optimize the use
of direct or partner sales depending on application and sales volume. Velocity
expands our reach into new market segments as well as expands our capability
to sell and deliver solutions. We deliver end-to-end visibility across physical,
virtual and hybrid networks, enabling customers to optimize connectivity, quality
of experience and profitability. VIAVI is also a leader in high performance
thin film optical coatings, providing light management solutions to anti-counterfeiting,
3D sensing, electronics, automotive, defense and instrumentation markets.
an optical components and commercial lasers company, Lumentum Holdings Inc.
(“Lumentum”), consisting of our former Communications and Commercial
Optical Products (“CCOP”) segment and the WaveReady product line
within our Network Enablement (“NE”) segment; and
a network and service enablement and optical coatings company, renamed VIAVI,
consisting of our NE, Service Enablement (“SE”), collectively (“NSE”)
and Optical Security and Performance Products (“OSP”) segments.
The telecommunication (“Telecom”) and cable industries are facing
substantial business and technology disruptions that are transforming the users’
experience in accessing voice, data, social media and video content. Multiple
network technologies are being deployed to meet the needs of increased network
capacity and faster transmission speeds across both the physical and the virtual
networks and across the airwaves. All forms of the network are being upgraded
to faster speeds to achieve multi-gigabit per second (“Gbps”) broadband
speeds and faster response time. 100G optical fiber is being deployed in the
Metro networks. Optical is being delivered to fiber-to-the-home (“FTTH”)
and permeating to everywhere. 400G optical fiber technology is being evaluated
by network equipment manufacturers (“NEMs”). Cable service providers
are investing in high speed connections and increased bandwidth availability
with the deployment of DOCSIS 3.1. Telecom operators are upgrading legacy copper
digital subscriber line (“DSL”) networks to Gfast technology. Over
the airwaves, 4G/Long Term Evolution (“LTE”) wireless technology
is expected to expand coverage with advanced LTE and 5G in the next couple years
and provide 100x faster speeds than current LTE networks.
With the growing number of connected smart mobile devices, the exponential growth
in Internet of Things (“IOT”) devices, and demand for high-speed
broadband access to support video and other high-bandwidth applications, capacity
and intelligence are increasing at the edge of the network pushing the expansion
of the overall network and larger links along with new networks requiring re-architecture
for scalability and flexibility. This increased demand for capacity will require
networks to be more agile, flexible, programmable and cost effective. It also
will drive the network transition from a hardware-centric approach to a hybrid
of physical and virtualized software-centric approach through software defined
networking (“SDN”) and network function virtualization (“NFV”).
Long term, network providers are pursuing automation to provide enhanced offerings
including machine-to-machine communications, connected cars, mobile payment
and security.
The convergence of network technologies requires sizable investments from communication
service providers (“CSPs”), which consist of telecommunications,
cable and cloud service providers. To achieve scale and a profitable return
on investment, the telecom and cable industries in recent years are experiencing
increased consolidation. New entrants have emerged with the rise of cloud service
providers, who are increasing their capital expenditures and investing in advanced
networks as enterprises are off-loading private corporate networks to the cloud.
Traditional service provider capital spending in physical networks has been
declining, which impacts the served available market opportunity for our NSE
segment. However, the emergence of cloud service providers and virtualized networks
create new opportunities for NSE. VIAVI’s NE and SE products and solutions
are well positioned to meet these rapidly changing industry trends, given our
technology, installed base and product offerings.
Counterfeiting of banknotes and other goods is on the rise because counterfeiters
now have access to a broad range of advanced but relatively low-cost imaging
technologies and printing tools giving them the ability to create convincing
simulations of actual documents and products for illicit purposes. At the same
time, the penalties for counterfeiting can often be relatively modest when compared
to the penalties for other crimes. VIAVI has decades of anti-counterfeiting
expertise leveraging our Optically Variable Pigment (“OVP®”),
and our Optically Variable Magnetic Pigment (“OVMP®”) technologies
to protect the integrity of banknotes and other high-value documents by delivering
optical effects that are very easy for consumers to recognize but also very
difficult for counterfeiters to reproduce. We also provide optical technologies
for government, healthcare, consumer electronics and industrial markets.
In addition to Anti-Counterfeiting solutions, we extend our technology expertise
to solve complex problems and deliver unique solutions in other industries.
For example, we manufacture and sell optical filters for 3D sensing products
that separate out ambient light from incoming data to allow devices to be controlled
by a person’s movements or gestures. Our proprietary low angle shift technology
enables our customers to significantly improve the signal-to-noise ratio of
their systems and deliver truly compelling system performance. Through multiple
generations of increasing performance and decreasing cost, we believe we remain
the industry’s leading supplier of high performance filters for depth-sensing
systems in consumer electronics.
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