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Ixia acquires Catapult Communications

Wed. June 24, 2009; Posted: 12:21 PM
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Jun 24, 2009 (TELECOMWORLDWIRE via COMTEX) -- XXIA | Quote | Chart | News | PowerRating -- Ixia (Nasdaq:XXIA) has completed its acquisition of wireless test vendor Catapult Communications Corporation, the provider of converged IP performance test systems said on Wednesday.

According to the company, the value of the acquisition is approximately USD105m or USD63m 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 23 June 2009.

The acquisition has enabled Ixia to expanded its suite of test platforms that help service providers accelerate deployment of wireless services based on converged networks that support powerful and complex multimedia applications.

Catapult's wireless test systems deliver high-performance solutions for hundreds of protocols and variants, including LTE, IMS, UMTS, WiMAX, CDMA, VoIP, GPRS, GSM and SS7.

Comments on this story may be sent to tww.feedback@m2.com
For full details for CATT click here.

    


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