Ixia to acquire BreakingPoint Systems for $160M

IP and wireless network test and visibility solutions firm Ixia announced on Monday that it has entered into agreement to acquire security testing company BreakingPoint Systems, Inc. for $160 million in cash.

According to a statement, the acquisition will enable Ixia to provide an "end-to-end solution that monitors, tests, and optimizes converged networks."

"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 CEO. "This dynamic IT landscape is creating a growing demand for solutions that provide definitive and current insight into the resiliency of critical IT infrastructures and defenses. The use of disparate testing tools, threat intelligence, and monitoring products allows dangerous security vulnerabilities that erode the security posture of businesses and government agencies. By leveraging BreakingPoint with Ixia’s integrated portfolio of proven network test products, customers will have available to them an end-to-end solution to help ensure business continuity for enterprises and government organizations."

BreakingPoint grew revenue over 40 percent in 2011 to $33.5 million while generating gross margin of 87 percent for the year. In 2012, Ixia said it expects BreakingPoint’s revenue to again grow by more than 40 percent.

The acquisition is expected to close in the third quarter of 2012.