Wednesday, April 19, 2017

Ixia Now Part Of Keysight Technologies

Calabasas-based Ixia, a developer of network testing hardware and software, is now part of Keysight Technologies, Keysight said late Tuesday, after the successful close of its $1.6 billion acquisition effort. Keysight paid $19.65 per share in cash for Ixia, which no longer trades on the Nasdaq Glo bal Select Market. Ixia becomes part of Key's new Ixia Solutions Group. Ixia was founded by Errol Ginsberg and Joel Weissberger in 1997, and had its IPO in October of 2000, and was part of a surge in networking and test startups that came out of the 101 Corridor during the first Internet boom; the company grew to over 1,700 employees before its acquisition by Keysight.

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