Net Optics has entered into a definitive agreement to be acquired by Ixia for $190 million in cash.
The acquisition would expand Ixia’s technology portfolio of network visibility products to include Net Optics’ signature line of network and virtualization taps and its range of Application-Aware Network Performance Monitoring (AA-NPM) solutions and network packet brokers.
The closing is subject to customary closing conditions and approvals, and is expected to close during the fourth quarter of 2013.
Eldad Matityahu, Net Optics’ Founder and Chairman of the Board, stated, "We are so excited to be acquired by Ixia because Ixia shares our strong commitment to 'Customers First!' values and fosters an innovative culture similar to ours. The combined strengths of our companies will provide customers the strongest and broadest set of network visibility solutions to anticipate evolving network demands.”
Errol Ginsberg, Chairman and acting CEO of Ixia, stated, “The agreement to acquire Net Optics is a key step in the fulfillment of our strategic plan. The resulting expansion of our product portfolio will accelerate our efforts to offer a full range of network visibility solutions.”
“Providing our global customers with innovations and technologies that enable them to win in their markets has been the key to our success over the past 17 years,” says Bob Shaw, President and CEO, Net Optics. “Together with Ixia, we will now release the next set of industry first innovations, providing customer value and ensuring the best total application and network visibility solutions.”
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