Friday, July 24, 2009

Ixia Completes Acquisition of Wireless Test Vendor Catapult Communications

Ixia (NASDAQ: XXIA), a leading, global provider of converged IP performance test systems, today announced that it has completed its acquisition of Catapult Communications Corporation (“Catapult”) for approximately $105 million, or $63 million net of Catapult’s cash and investments. The acquisition was conducted by means of a tender offer for all of the outstanding common shares of Catapult, and was completed by a merger that was effected on Tuesday, June 23.

With the additional wireless solutions from the Catapult acquisition, Ixia has expanded its suite of test platforms that enable service providers to accelerate deployment of wireless services based on converged networks that support increasingly powerful, engaging, and complex multimedia applications.

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