Ixia has signed a definitive agreement with Catapult Communications, under which Ixia will acquire Catapult for $9.25 per share in cash.
Expected to close in the third quarter, the acquisition is valued at approximately $105 million, or $63 million net of Catapult\'s cash and investments.
The acquisition will enable Ixia to provide a single source solution for testing converged multiplay IP services over wireless and wireline networks to telecom equipment manufacturers and global service providers.
Catapult\'s advanced wireless test systems deliver high-performance solutions for hundreds of protocols and variants, including LTE, IMS, Wimax, CDMA, VoIP, GPRS and GSM.
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