Date: 23/10/2009

Ixia to acquire Agilent's N2X Data Networks Product Line

Ixia has signed a definitive agreement to acquire Agilent's N2X Data Networks Product Line for $44 million in cash. The acquisition is scheduled to close on October 30, 2009 and will include certain assets of the N2X product line, along with its customers, sales and R&D teams.
The Agilent N2X provides the solution for validating the performance and scalability characteristics of network equipment for voice, video and data (Multiplay) services. N2X addresses the complex challenges of validating equipment by providing a single test environment to simultaneously validate services over the new infrastructures.

"This strategic and decisive move accelerates our growth, captures additional market share and positions Ixia to offer even greater value to our global customers and partners," said Atul Bhatnagar, President and CEO of Ixia. "With our leadership position in high speed Ethernet (10/40/100 Gbps) IP testing, we will leverage the N2X products and customer base to further penetrate markets, particularly in EMEA and Asia."

"This is an exciting day for Agilent N2X customers, partners and employees across the globe," said David Churchill, Vice President and General Manager of Agilent's Network and Digital Solutions Business Unit, Electronic Measurements Group, "N2X customers are accustomed to a strong tradition of easy-to-use test applications with extensive protocol support. Joining forces with Ixia will drive innovation and value across every aspect of the network testing marketplace."

Ixia also announced today that its net revenues for the third quarter of 2009 will be approximately $46.4 million, compared to earlier guidance of $42 to $47 million. This revenue estimate includes a full quarter of results for Catapult Communications Corporation, which Ixia acquired in June of this year, but does not include any revenues related to its planned acquisition of Agilent's N2X business.