Ixia acquires Anue for cloud testing growth
Adds network monitoring of massive cloud-based applications to its wireless and converged portfolio
Published: 8 May, 2012
READ MORE: M&A | Cloud | Infrastructure | Testing/Certification
The rise of mobile broadband and cloud services is driving significant growth for testing firms, but in turn they need to invest heavily in new processes and markets, spurring a wave of M&A. Last month saw Spirent buying Mu Dynamics, and this week, Ixia is purchasing Anue Systems for $145m in cash.
Ixia will gain Anue's flagship product, the Net Tool Optimizer, which aggregates and filters traffic to help optimize network monitoring tool usage. Anue grew its revenues by 51% last year to reach $40.5m and its acquirer expects the transaction to be accretive to non-GAAP earnings from the third quarter of 2012.
The purchase will expand Ixia's activities into what it calls the network visibility sector, which it says is growing at 30% a year. This trend is being driven by applications increasingly running in cloud networks and large data centers, which means they require monitoring solutions on a far larger scale than most current offerings, to analyze performance data such as traffic consumption.
"Many networking trends such as the deployment of cloud and virtualization, LTE and mobility driven growth, security implications of applications delivered over cloud infrastructures, and the massive expansion in bandwidth are fueling both Ixia's and Anue's growth," said Vic Alston, Ixia's COO. "Next generation cloud providers, mobility operators and enterprises all require network and traffic visibility to maintain quality of service across application and service delivery."
The terms of the agreement were unanimously approved by the boards of directors of both Ixia and Anue and the deal is expected to close during this quarter.
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