Keysight acquires Ixia for $1.6 billion
By MYBRANDBOOK
Keysight Technologies and Ixia have announced that Keysight has finalized its acquisition of Ixia.
Ixia serves the top 15 network equipment manufacturers, 47 of the top 50 carriers, and 77 of the Fortune 100. Ixia also brings to Keysight over 400 patents issued and pending and a team of over 1,800 dedicated professionals. The aggregate transaction consideration totalled approximately $1.6 billion, including transaction and financing fees and expenses and net of cash on hand at Ixia at the closing, with Ixia shareholders receiving $19.65 per share in cash. Keysight funded the transaction with a combination of cash on hand as well as proceeds from public offerings of stock and notes and additional debt financings. Ixia will no longer be traded on the Nasdaq Global Select Market and its financial results will be reported under Keysight’s newly-formed “Ixia Solutions Group”.
“We are pleased to have quickly brought the Ixia acquisition to completion and excited to add Ixia’s deep bench of talent to the Keysight team. This complementary combination accelerates several of our strategies for growth, including expanding our software solutions and software engineering capability. We have also broadened our reach within the communications development lifecycle, and will build and grow Ixia’s established strong position in the fast-growing visibility and security markets,” said Ron Nersesian, Keysight President and CEO.
“Keysight’s leadership now encompasses a unique range of end-to-end solutions for the development of next-generation technologies and optimizing and securing networks,” Nersesian added.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
TVS ELECTRONICS LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS
NUMERIC INDIA, A Group Brand Legrand
AMARA RAJA POWER SYSTEMS LTD.
Technology Icons Of India 2023: Rajiv Memani
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
GeM maintains transparency in online procurement of goods & services
Created in a record time of five months, Government eMarketplace is a ...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...