Congrats to our friends at BreakingPoint Systems on their acquisition announcement today. Acquiring company Ixia just completed its acquisition of Austin-based Anue Systems a month ago. Austin has definitely proven itself as a startup hotbed for cyber security technology. The official release follows:
Ixia(NASDAQ: XXIA), a leading, global provider of converged IP and wireless network test and visibility solutions, announced today that it has entered into a definitive agreement to acquire BreakingPoint Systems, Inc. (“BreakingPoint”), a leader in security testing, for $160 million in cash, subject to adjustment based on BreakingPoint’s net working capital and cash at closing. The transaction is anticipated to close in the third quarter of 2012, and is subject to customary closing conditions and approvals.