Test and measurement company Keysight Technologies has completed the acquisition of Ixia for $1.6 billion.
The strategy of Keysight Technologies is to gain from Ixia’s position in the visibility and security markets in the telecom sector.
Ixia serves the top 15 network equipment manufacturers, 47 of the top 50 carriers, and 77 of the Fortune 100. Ixia has over 400 patents issued and pending and a team of over 1,800 professionals.
“This complementary combination accelerates several of our strategies for growth, including expanding our software solutions and software engineering capability,” said Ron Nersesian, president and CEO of Keysight Technologies.
Keysight said it funded the Ixia 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 be reported under Keysight’s newly formed Ixia Solutions Group.