Ixia to Acquire Anue Systems, Inc.
Acquisition Expands Ixia’s Reach into Live Networks Hosts Conference Call May 7, 2012 at 8:00 a.m. Eastern time
Calabasas, CA, May 7, 2012 — Ixia (NASDAQ: XXIA), a leading, global provider of converged IP and wireless network test solutions, announced today that it has entered into a definitive agreement to acquire Anue Systems, Inc. (“Anue”), a leading developer of Network Visibility solutions. Under the terms of the agreement, Ixia will pay $145 million in cash, subject to certain adjustments including an adjustment based on the amount of Anue’s net working capital at closing. The transaction is anticipated to close in the second quarter of 2012, and is subject to customary closing conditions and approvals.
Alex Pepe, Chief Executive Officer of Anue, said, “I’m truly excited about the power of this combination and the opportunities it creates for our respective customers and employees. This transaction will give Ixia reach into our service provider and enterprise customers, while Anue’s products will benefit from Ixia’s international channels. Ixia and Anue together will bring value to customers by helping to build and operate networks that deliver high value applications and services with quality, scale and resiliency.”
Conference Call Information
About Anue Systems, Inc.
Anue Systems, Inc. helps network engineers and scientists monitor and test complicated networks. The Anue Systems Net Tool Optimizer™ provides complete network visibility into physical and virtual networks, improves network security and optimizes monitoring tool efficiency. The Anue patented filtering technology and industry leading, easy-to-use control panel help network engineers minimize network downtime and maximize return on monitoring tool investment. Anue’s Test and Measurement division provides Network Emulation products that simulate real world conditions for the testing and deployment of large networks. Founded in 2002, Anue customers include the world’s largest data centers, enterprise networks, service providers, and government agencies.
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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 Anue 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 the risk that the conditions to the closing of our acquisition of Anue will not be met or that the anticipated benefits and synergies of the acquisition will not be realized, as well as those factors identified in our Annual Report on Form 10-K for the year ended December 31, 2011, 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.
Director of Public Relations
Chief Financial Officer
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