Ixia to acquire BreakingPoint for $160 mn

Ixia, converged IP and wireless network test and visibility solutions will acquire BreakingPoint Systems, security testing company for a value of $160 million. The transaction would be closed in the third quarter of 2012.

This acquisition of BreakingPoint enables Ixia to provide an end-to-end solution for monitoring, testing, and optimizing converged networks. BreakingPoint's solutions provide global visibility into emerging threats and applications, along with advance insight into the resiliency of an organization's IT infrastructure under operationally relevant conditions and malicious attacks, said a statement.

“The current threat landscape is changing everything —from the way we conduct business, to how we protect data and secure infrastructures, to the ways we train cyber warriors,” said Vic Alston, Ixia's president and chief executive officer.

Dennis Cox, co-founder and chief technology officer of BreakingPoint said, “Joining forces with Ixia creates a powerful platform in security and application testing — one with an extensive global sales reach into enterprises, service providers, and government agencies.”

Stifel Nicolaus Weisel is the financial advisor and Bryan Cave LLP is the legal counsel to Ixia. AGC Partners and Wilson Sonsini Goodrich & Rosati are financial advisor and legal counsel to BreakingPoint respectively.