Ixia to Acquire Anue for Network Monitoring Switch
Ixia agreed to acquire Anue Systems, which offers a network monitoring solutions, for $145 million in cash.
Anue Systems offers a Net Tool Optimizer that provides traffic visibility for Service Providers and enterprises by enabling test tools to access taps across the network. Anue aggregates and filters network traffic to optimize network monitoring tool usage. Anue also can replicate network traffic from a single tap or SPAN port and send it to multiple monitoring tools simultaneously. The company was founded in 2002 and is based in Austin, Texas.
Ixia said the acquisition extends its scope in the realm of real time network monitoring and traffic visibility.
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.
“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.”
Ixia's recent acquisitions include VeriWave (wireless testing), Catapult Communications (3G and 4G network tests), and Agilent's N2X Data Networks Product Line.