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Slide #24. Ixia — Net Optics, Inc.
Net Optics, Inc.
Ixia (NASDAQ:XXIA) announced that it has entered into a definitive agreement to acquire Net Optics, Inc. (Net Optics), a leading provider of total application and network visibility solutions. Under the terms of the agreement, Ixia will pay $190 million in cash, in a cash-free/debt-free transaction and subject to certain adjustments based on Net Optics' net working capital at closing. The transaction is anticipated to close in the fourth quarter of 2013, and is subject to customary closing conditions and approvals.
Ixia is a provider of application performance and security resilience network test and network visibility solutions. Co.'s solutions are used by enterprises, service providers, network equipment manufacturers, and governments. Co.'s network test and network visibility product solutions consist of hardware platforms, including chassis, interface cards and appliances, software application tools and services, including its warranty and maintenance offerings, and professional services. Co.'s manufacturing and supply operations consist primarily of supply chain management, procurement, quality control, logistics, final assembly, configuration testing, fulfillment and logistics.
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Hold (1.60 out of 4)
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