Ixia, a NASDAQ-listed provider of converged IP and wireless network test solutions, this morning announced that it intends to acquire networking monitoring gear and software company Anue Systems for $145 million in cash.
Ixia, whose primary customers include network equipment manufacturers, service providers, large corporations and government agencies, says acquiring the Austin, Texas-based company will enable it to provide its enterprise customers with increased visibility into their application performance and traffic across wired and mobile networks.
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Founded in 2002, Anue Systems is said to have booked $40.5 million in revenues in 2011, and $47.6 million for the 12 months ended March 31, 2012.
The transaction is expected to close in Q2 2012, and is subject to customary closing conditions and approvals.
According to a press statement, the $145 million price Ixia is paying for Anue Systems is subject to certain adjustments, including an adjustment based on the amount of Anue’s net working capital at closing.