Ixia Buying VeriWave

Network hardware maker Ixia is buying performance testing company VeriWave Inc. for an undisclosed price in a move to enhance its offerings.

Jun 28, 2011

CALABASAS, Calif. (AP) -- Network hardware maker Ixia is buying performance testing company VeriWave Inc. in a move to enhance its offerings.

Terms were not disclosed.

Ixia, based in Calabasas, Calif., said late Monday that it expects the deal to add to its financial results within a year.

VeriWave is a performance testing company for wireless LAN and Wi-Fi enabled smart devices.

The acquisition is expected to close on July 18.

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