Anue grew revenues 51 percent in 2011 to $40.5 million and
generated gross margins of 83 percent for the year. For the 12 months ended
March 31, 2012, Anue generated $47.6 million in revenues. Ixia expects this
transaction to be accretive to non-GAAP earnings beginning in the third quarter
of 2012. Non-GAAP earnings exclude stock-based compensation, amortization of
acquired intangible assets, and other non-recurring charges, net of the
applicable tax effects.
As applications increasingly run in cloud networks and large data
centers, service providers and large enterprises need better visibility into
application performance. Traditional monitoring solutions cannot scale to
successfully analyze the number of applications, services, and immense amounts
of traffic across wired and mobile networks. Anue’s Net Tool OptimizerTM solution
efficiently aggregates and filters network traffic to help optimize network
monitoring tool usage. This efficiency creates significant customer value by
maximizing IT resources, streamlining network troubleshooting, and
expanding network monitoring capacity.
“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
chief operating officer. “Next-generation cloud providers, mobility operators
and enterprises all require network and traffic visibility to maintain quality
of service across application and service delivery. Anue's Optimizer
solutions provide customers with a measurable value regarding performance,
scale, and resiliency of networks, while enabling the creation of a next
generation platform for quality of service delivery across live networks.”
With the acquisition of Anue, Ixia will become a leading player in the
rapidly growing network visibility market – a market that is growing over 30
percent per year and will enhance Ixia’s service provider presence and create
new opportunities among enterprise customers.
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.”
The terms of the agreement were unanimously approved by the boards of
directors of both Ixia and Anue.
Stifel Nicolaus Weisel is acting as financial advisor and Bryan Cave LLP
is acting as legal counsel to Ixia. MHT Partners is acting as financial advisor
and Vinson & Elkins is acting as legal counsel to Anue.
About Ixia
Ixia provides the industry's most comprehensive converged IP services
testing solution - from the wireless edge to the Internet core. Network
equipment manufacturers, service providers, enterprises and government agencies
use Ixia's industry-leading test and simulation platforms to design and
validate a broad range of wired, Wi-Fi and 3G/LTE networking equipment and
networks. Ixia's solutions create real-world conditions by emulating a full
range of high-scaling networking protocols and generating media-rich
application traffic to validate performance, conformance and security of cloud,
core, data center, wireless and multiplay networks. For more information,
visit www.ixiacom.com.
About Anue Systems, Inc.
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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