Keysight’s acquisition of Ixia – a leader in network test, visibility and security solutions– pairs two strong, complementary innovation companies. Keysight brings measurement leadership, strong worldwide presence, and proven operational discipline. Ixia brings deep expertise in IP network assessment and a software-centric business team.
Keysight Technologies, Inc. (NYSE: KEYS) and Ixia (Nasdaq: XXIA) today announced that Keysight has completed its acquisition of Ixia.
“We are pleased to have quickly brought the Ixia acquisition to completion and excited to add Ixia’s deep bench of talent to the Keysight team. This complementary combination accelerates several of our strategies for growth, including expanding our software solutions and software engineering capability. We have also broadened our reach within the communications development lifecycle, and will build and grow Ixia’s established strong position in the fast-growing visibility and security markets,” said Ron Nersesian, Keysight president and CEO.
“Keysight’s leadership now encompasses a unique range of end-to-end solutions for the development of next-generation technologies and optimizing and securing networks,” Nersesian added.
Ixia serves the top 15 network equipment manufacturers, 47 of the top 50 carriers, and 77 of the Fortune 100. Ixia also brings to Keysight over 400 patents issued and pending and a team of over 1,800 dedicated professionals.
The aggregate transaction consideration totaled approximately $1.6 billion, including transaction and financing fees and expenses and net of cash on hand at Ixia at the closing, with Ixiashareholders receiving $19.65 per share in cash. Keysight funded the transaction with a combination of cash on hand as well as proceeds from public offerings of stock and notes and additional debt financings. Ixia will no longer be traded on the Nasdaq Global Select Market and its financial results will be reported under Keysight’s newly formed “Ixia Solutions Group”.
Keysight Technologies (NYSE: KEYS) helps customers bring breakthrough electronic products and systems to market faster and at a lower cost. Keysight’s solutions go where the electronic signal goes, from design simulation, to prototype validation, to manufacturing test, to optimization in the network. Customers span the worldwide communications ecosystem, internet infrastructure, aerospace & defense, automotive, semiconductor and general electronics end markets. More information is available at www.keysight.com.
Ixia (Nasdaq: XXIA) provides testing, visibility, and security solutions, strengthening applications across physical and virtual networks for enterprises, service providers, and network equipment manufactures. Ixia offers companies trusted environments in which to develop, deploy, and operate. Customers worldwide rely on Ixia to verify their designs, optimize their performance, and ensure protection of their networks to make their applications stronger. Learn more at www.ixiacom.com.