Tuesday, October 29, 2013

Ixia Acquires Net Optics

Calabasas-based network testing equipment and software developer Ixia announced Tuesday that it is acquiring Net Optics, a developer of network and application analysis products. Ixia said it will pay $190M in cash for Net Optics. Ixia said that net Optics had $49M in revenue in 2012, and had revenues of $42M for the first nine months of 2013. Ixia was advised by Stifel, Nicolaus & Company and Bryan Cave LLP in the deal; Net Optics was advised by BofA Merrill Lynch and Dorsey & Whitney LLP.

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