Wednesday, December 15, 2004

Ixia Finalizes Chariot Software Acquisition

Calabasas-based Ixia said today that Ixia is finalizing the acquisition of the Chariot network testing software product from NetIQ, effective the first of next year. The company had originally paid $17.5M and royalties for US and Canadian distribution rights, and perpetual license to the source code for the Chariot software line. The company is paying a final $2.5M to NetIQ for full ownership of the NetIQ Chariot business and brand name. Ixia's IxChariot product is used by network equipment manufacturers and others to test network and device performance, by emulating network protocols and services.

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