Ixia (XXIA: Quote) has reached a definitive agreement to acquire BreakingPoint Systems Inc. for $160 million in cash, subject to adjustment based on BreakingPoint's net working capital and cash at closing. The transaction may close in the third quarter of 2012.
Also, Ixia said the BreakingPoint acquisition enables it to provide an end-to-end solution that monitors, tests, and optimizes converged networks. Without an ongoing security and performance-testing regimen, even the most sophisticated networks and data centers fail to ensure business continuity in the face of crippling cyber attacks and dynamic application conditions.
In addition, the company updated its second-quarter revenue guidance to a range of $87 million - $89 million for its core business, versus its prior guidance of $86 million - $89 million. On average, 5 analysts polled by Thomson Reuters expect revenue of $88.72 million for the second quarter.
In addition to this amount, Ixia expects its recent Anue Systems Inc. acquisition to add some $3 million - $4 million in additional revenue in the second quarter for the period from the June 1, 2012 purchase closing date to June 30, 2012.
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by RTT Staff Writer
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