Monday, July 2, 2012
Ixia Buys BreakingPoint Systems
Calabasas-based Ixia, the developer of network testing equipment and software, announced this morning that it is in a definitive agreement to acquire BreakingPoint Systems, a developer of security testing tools. The deal is worth $160M in cash. Ixia, which is led by Vic Alston, said the deal will enable it to provide an end-to-end solution for monitoring, testing, and optimizing converged networks. Ixia has been in an acquisitive mood lately, most recently acquiring network monitoring equipment firm Anue Systems in May. Ixia said that BreakingPoint had revenues of $33.5M in calendar 2011, a 40 percent year-to-year growth for that company. BreakingPoint was venture backed by Austin Ventures and Genesis Inventions.