Keysight Technologies completed the previously announced acquisition of Ixia on April 18. Ixia shareholders received $19.65 per share in cash.
The $1.6 billion deal adds Ixia’s testing, visibility and security solutions for physical and virtual networks to Keysight’s portfolio. With a staff of some 1,800, Ixia serves the top 15 network equipment manufacturers, 47 of the top 50 carriers and 77 of the Fortune 100. Ixia has more than 400 patents issued and pending.
Ixia will be organized within Keysight as a separate “Ixia Solutions Group,” and its financial results will remain visible.
Ron Nersesian, Keysight president and CEO, said, “This complementary combination accelerates several of our strategies for growth, including expanding our software solutions and software engineering capability. We have also broadened our reach within the communications development lifecycle, and will build and grow Ixia's established strong position in the fast-growing visibility and security markets.”