VIAVI Solutions

VIAVI Solutions is a publicly traded technology company listed on NASDAQ under the ticker VIAV. The company operates in the network test, measurement, and assurance space, as well as in optical products and network and service enablement. VIAVI was formerly known as JDS Uniphase (JDSU) before rebranding to VIAVI Solutions in 2015 following a corporate split that separated its communications and commercial optical products businesses.

VIAVI's primary business spans two broad areas: Network and Service Enablement (NSE), which provides test and measurement tools used by network operators and equipment vendors to deploy and maintain wired and wireless networks; and Optical Products, which manufactures optical coatings and light-management technologies used in applications ranging from anti-counterfeiting (banknote authentication features) to 3D sensing. Its customers include telecommunications carriers, government agencies, network equipment manufacturers, and defense contractors. The NSE segment sells both hardware instruments and software-based network analytics platforms, targeting network engineers and operations teams.

VIAVI's portfolio includes the OneAdvisor platform for field network testing, the Observer platform for network performance management, and the TeraVM product for network emulation and testing at scale. In the optical segment, VIAVI produces optically variable pigments (OVP) used in currency and document security — a technically differentiated manufacturing capability that is difficult to replicate. The company also supplies 3D sensing optical filters used in consumer devices.

In network test and measurement, VIAVI competes with Spirent Communications and Keysight Technologies (which acquired Ixia in 2017). The optical security pigment business occupies a narrow, specialized niche with high barriers to entry due to the precision manufacturing requirements. VIAVI serves several of the world's central banks and currency-printing authorities through its optical security products, though specific named contracts are not publicly disclosed in detail.