SOURCE: Ixia

Ixia

June 27, 2011 19:45 ET

Ixia Announces Definitive Agreement to Purchase Veriwave, Inc.

Wi-Fi Testing Company Fortifies and Extends Ixia's End-to-End Wireless Testing Solution

CALABASAS, CA--(Marketwire - Jun 27, 2011) - Ixia (NASDAQ: XXIA), the leading, global provider of converged IP and wireless network test solutions, announced today that it has signed a definitive agreement with VeriWave, Inc. ("VeriWave"), a performance testing company for wireless LAN (WLAN) and Wi-Fi enabled smart devices, under which Ixia will acquire VeriWave. Subject to customary closing conditions, the acquisition is scheduled to close on or about July 18, 2011. The purchase price and other terms of the acquisition were not disclosed. Ixia expects to see accretive results from the acquisition within one year.

VeriWave wireless test solutions validate Wi-Fi networks, smart devices, and applications by benchmarking and measuring speed, quality, interoperability, compliance, and other pivotal aspects of wireless performance. These solutions verify quality of rich-media experience from the end-user perspective, while simulating realistic and fully-loaded networks to test client interaction and performance under varying traffic conditions.

The prevalence of devices such as smartphones, tablets, and netbooks is increasing customer access demands and QoE expectations in a highly mobile environment. More applications and services are located centrally in "the cloud" and accessed remotely from wireless devices causing Wi-Fi to become mainstream in industries such as healthcare, education, retail, and hospitality. Enterprises are increasingly expecting seamless user mobility from wired, Wi-Fi, and 3G/4G access.

Additionally, the proliferation of smartphones and the sharp rise in traffic are driving carriers to marry Wi-Fi and 3G/4G in innovative ways. Wi-Fi traffic offload will be a key operator strategy to ensure that the network infrastructure scales economically.

"Equipment manufacturers, enterprises, and carriers alike are looking for a full set of end-to-end solutions that completely test converged Wi-Fi, wired, and 3G/4G ecosystems -- especially for video-savvy applications," said Atul Bhatnagar, president and CEO of Ixia. "By integrating VeriWave's portfolio of innovative Wi-Fi testing solutions, Ixia will help ensure that carriers, multi-system operators (MSO), enterprises, and network equipment manufacturers are able to fully support media-rich applications running on all types of wireless smart devices."

VeriWave's leading Wi-Fi capabilities will enable Ixia to provide one of the industry's most comprehensive end-to-end testing platform for converged performance testing.

"This is an exciting day for VeriWave and Ixia customers, partners, and employees across the globe," said Chris DeMonico, CEO at VeriWave. "VeriWave's wireless testing solution is a fantastic fit for Ixia's end-to-end IP and LTE offerings. Ixia's deep breadth of testing options provides existing VeriWave customers with an extensive portfolio to use for continued product development and service deployment."

About Ixia
Ixia provides the industry's most comprehensive converged IP services testing solution -- from the wireless edge to the Internet core. Network equipment manufacturers, service providers, enterprises, and government agencies use Ixia's industry-leading test and simulation platforms to design and validate a broad range of wired, Wi-Fi, and 3G/4G networking equipment and networks. Ixia's solutions create real-world conditions by emulating a full range of high-scaling networking protocols and generating media-rich application traffic to validate performance, conformance and security of cloud, core, data center, wireless and multiplay networks. For more information, visit www.ixiacom.com.

About VeriWave
Testing with VeriWave ensures maximum performance for mobile networks, devices and applications in the real world. From development through deployment and beyond, VeriWave helps leading equipment and device manufacturers, service providers, and enterprises measure, analyze and improve speed, quality, interoperability, compliance and other pivotal aspects of mobile performance.

Ixia and the Ixia four-petal logo are registered trademarks or trademarks of Ixia. Other trademarks are the property of their respective owners.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this press release are forward-looking statements, including, without limitation, statements regarding the potential acquisition of VeriWave and future financial performance. In some cases, such forward-looking statements can be identified by terms such as may, will, expect, plan, believe, estimate, predict or the like. Such statements reflect our current intent, belief and expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from our current expectations include those identified in our Annual Report on Form 10-K for the year ended December 31, 2010, and in our other filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.