Tuesday, October 20, 2009

Ixia to acquire Agilent's N2X product line for $44 Million

Ixia agreed to acquire Agilent's N2X Data Networks Product Line for $44 million in cash. The deal is expected to close at the end of this month.

The Agilent N2X is a multiservices test solution for validating the performance and scalability characteristics of next-generation network equipment. The platform offers a range of testing scenarios across broadband access, carrier edge and IP/MPLS core. Several N2X 2-slot and 4-slot chassis models are available along with various test cards for SONET/SDH transport, carrier routing, broadband access and enterprise networks and devices.

Ixia said it is committed to enhancing, developing and supporting the N2X product line through 2015. To seamlessly support N2X customers, Ixia also announced its Fusion initiative, which allows N2X owners to take immediate advantage of Ixia's extreme scalability, higher speed Ethernet support, and layer 4-7 application testing.

"This strategic and decisive move accelerates our growth, captures additional market share and positions Ixia to offer even greater value to our global customers and partners," said Atul Bhatnagar, President and CEO of Ixia. "With our leadership position in high speed Ethernet (10/40/100 Gbps) IP testing, we will leverage the N2X products and customer base to further penetrate markets, particularly in EMEA and Asia."

"This is an exciting day for Agilent N2X customers, partners and employees across the globe," said David Churchill, Vice President and General Manager of Agilent's Network and Digital Solutions Business Unit, Electronic Measurements Group, "N2X customers are accustomed to a strong tradition of easy-to-use test applications with extensive protocol support. Joining forces with Ixia will drive innovation and value across every aspect of the network testing marketplace."

Ixia also announced today that its net revenues for the third quarter of 2009 will be approximately $46.4 million, compared to earlier guidance of $42 to $47 million. This revenue estimate includes a full quarter of results for Catapult Communications Corporation, which Ixia acquired in June of this year, but does not include any revenues related to its planned acquisition of Agilent's N2X business.

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