Calabasas Internet technology company Ixia said Tuesday that it has agreed to buy Catapult Communications Corp., a Silicon Valley digital telecom test systems supplier, for about $105 million.
Ixia, whose products primarily test Internet protocol performance on traditional networks, said acquisition of the Mountain View company will boost its high-speed 3G and 4G wireless market.
?e are at an inflection point where today? advanced communications are quickly merging into a single, seamless delivery network that combines fixed and mobile communications,?Chief Executive Atul Bhatnagar said in a statement. ?his acquisition will position Ixia as a leading source for end-to-end IP test solutions for wireline and wireless networks.?p>The $9.25 per share cash tender offer is a 14 percent premium to Catapult's close Monday of $8.11. Catapult? directors have unanimously recommended that their stockholders accept the offer, Ixia said
Ixia shares were up 2 cents, or less than 1 percent, to $5.49 in midday trading on the Nasdaq.
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