US IP and wireless network test systems provider Ixia (NASDAQ:XXIA) on Monday said it would acquire security testing solutions firm BreakingPoint Systems Inc for a cash price of $160m (€127m), subject to adjustments, in a move to boost its offering.
The deal will allow Ixia to provide an end-to-end solution to monitor, test and optimise converged networks for enterprises and government agencies, the buyer said.
Businesses, service providers and government organisations use BreakingPoint’s solutions for global visibility into emerging threats and applications to ensure a proactive and effective security process.
The company’s network processor-based simulation and testing platform creates global application and live attack traffic at Internet-scale. After boosting its revenues by 40% to $33.5m last year, BreakingPoint is expected to register another 40% annual growth in 2012, the buyer said, adding that its acquisition would contribute to Ixia’s non-GAAP earnings in the first full year of ownership.
The target firm, with a library of over 34,000 attacks, exploits, malware and more, sees the combination with Ixia to create a strong platform in security and application testing with a wide global reach, co-founder and CTO Dennis Cox said.
The deal is anticipated to wrap up in the third quarter of this year, subject to approvals and other customary conditions.
Advisors include Stifel Nicolaus Weisel and Bryan Cave LLP for Ixia, as well as AGC Partners and Wilson Sonsini Goodrich & Rosati for BreakingPoint.