XXIA on NASDAQ

Ixia

Logo: Ixia, Public domain, via Wikimedia Commons5

US computer networking company

Ixia was a public computer networking company operating in around 25 countries until its acquisition by Keysight Technologies Inc. in 2017. Ixia was headquartered in Calabasas, California and had approximately 1,750 employees. Ixia's customers included manufacturers of network equipment such as Cisco and Alcatel-Lucent, service providers such as Verizon, NTT and Deutsche Telekom, and enterprises and government agencies.3 Its shares trade on NASDAQ under the symbol XXIA.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

Jan 1, 1997Founded1

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  • TickerXXIA on NASDAQ1
  • Industrycomputer network1
  • HeadquartersLos Angeles1
  • Websitewww.ixiacom.com
  • Incorporated inCA6
  • Business address26601 W. Agoura Road, Calabasas, Ca 913026
  • Filer categoryLarge accelerated filer6
  • Legal formFor-Profit Corporation General Stock4
  • LEI549300J35R58UL157S674
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O NATIONAL REGISTERED AGENTS, INC., 90017 Glendale, United States4
  • Registered withSecretary of State, 20120574

Ixia was a public computer networking company operating in around 25 countries until its acquisition by Keysight Technologies Inc. in 2017. Ixia was headquartered in Calabasas, California and had approximately 1,750 employees.3

What it owns

What Ixia reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$158.7M8 Dec 31, 2016$145.5M8 Dec 31, 2015+9.1%
Accumulated depreciation$122.0M8 Dec 31, 2016$108.9M8 Dec 31, 2015+12.0%
Property and equipment, net$36.7M8 Dec 31, 2016$36.5M8 Dec 31, 2015+0.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$71.8M8 Dec 31, 2016$52.5M8 Dec 31, 2015+36.8%
Debt securities available for sale$71.3M8 Dec 31, 2016$14.5M9 Dec 31, 2015+391.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$338.9M8 Dec 31, 2016$338.9M8 Dec 31, 20150%
Intangible assets, net (excluding goodwill)$65.7M8 Dec 31, 2016$103.7M8 Dec 31, 2015−36.6%
Finite-lived intangibles, gross$313.6M8 Dec 31, 2016$312.5M8 Dec 31, 2015+0.4%
Accumulated amortization$248.0M8 Dec 31, 2016$208.9M8 Dec 31, 2015+18.7%
Finite-lived intangibles, net$65.7M8 Dec 31, 2016$103.7M8 Dec 31, 2015−36.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$28.7M8 Dec 31, 2016$33.3M8 Dec 31, 2015−13.9%
Raw materials$1.3M8 Dec 31, 2016$3.9M8 Dec 31, 2015−67.6%
Work in process$6.6M8 Dec 31, 2016$11.3M8 Dec 31, 2015−41.5%
Finished goods$20.8M8 Dec 31, 2016$18.2M8 Dec 31, 2015+14.6%

The story

Ixia was founded by Errol Ginsberg and Joel Weissberger in 1997. Atul Bhatnagar succeeded Ginsberg as president and CEO in 2007. On March 19, 2012, Ixia announced Victor Alston as president and chief executive, with Ginsberg remaining chairman. In October 2013, Ixia announced Victor Alston's resignation as chief executive, and he was replaced by Ginsberg as acting CEO. On August 21, 2014, the board named Bethany Mayer president and CEO.

Mayer was also named to the board of directors.

Historically an IP/Ethernet testing house, the acquisition of Catapult Communications in June 2009 established Ixia as a player in the Wireless market. Ixia made a second acquisition in 2009, buying Agilent Technologies' N2X Data Networks Product Line for $44 million. Ixia further expanded its testing capabilities by acquiring Wi-Fi testing company VeriWave, Inc. in July, 2011. On June 4, 2012, Ixia announced the completion of the acquisition of Anue Systems, Inc., a developer of network visibility software and tap aggregation products founded by Kevin Przybocki, Hemi Thaker, and Chip Webb. On August 24, 2012, the company announced another acquisition, BreakingPoint Systems, a company in network security testing. Ixia continued its acquisitions by announcing the purchase of Net Optics on October 29, 2013.

In 2017, Keysight Technologies Inc. acquired Ixia for about $1.6 billion in cash. The company's test and simulation platforms are used by network equipment manufacturers, service providers, enterprises, and government agencies to design and validate a wide range of wired, Wi-Fi and 3G/4G networking equipment and networks.

Net Optics

Net Optics was a manufacturer of network monitoring equipment for physical and virtual networks. The company was established in 1996 by Eldad Matityahu. Ixia announced the purchase of Net Optics on October 29, 2013. Net Optics produces equipment includes taps, bypass switches, regeneration taps, aggregators, data monitoring switches, and media converters. Net optics does both production and manufacturing in the united states.

Net Optics was founded in 1996 by Eldad Matityahu. The company’s original focus was producing network taps - hardware devices that monitor network traffic. It then offered a range of network monitoring services for telecommunications, banking, finance, government and large enterprise.

In January 2012, Net Optics acquired Triplelayer, a private Australia-based distributor, and its sister company, nMetrics, which specializes in network and application analysis software. The company’s Network Performance Monitoring products provide statistics/analysis using deep packet inspection.

From Wikipedia’s article on Ixia (company), shared under CC BY-SA 4.0.7

Leadership

Who has led Ixia, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Timeline

  1. Sep 22, 2014New chief executive Bethany Mayer becomes CEO10
  2. May 15, 2012New chief executive Victor Alston becomes CEO11
  3. Feb 23, 2009New chief executive Atul Bhatnagar becomes CEO12
  4. Jul 27, 2007New chief executive Errol Ginsberg becomes CEO13
  5. Jan 1, 1997Founded Founded1

SEC filer profile

How Ixia is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIXIA2
  • CIK0001120295
  • Employer ID (EIN)95-46359822
  • Filer statusLarge accelerated filer2
  • Incorporated inCalifornia2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3825 Instruments For Meas & Testing of Electricity & Elec Signals2
  • Business address26601 W. Agoura Road, Calabasas, CA 913022
  • Phone81887118002
  • Shares outstanding82,867,065 as of Feb 21, 20178
  • Public float$618.7M as of Jun 30, 20168
  • On EDGAR sinceJul 31, 20002
  • Filings1,324 in all: 4 (824), 8-K (162), SC 13G/A (56), 10-Q (49), 4/A (32), 3 (24), 10-K (17), S-8 (17)2
    All 38 form types

    S-8 POS (17), DEF 14A (16), SC 13G (16), ARS (13), UPLOAD (10), 8-K/A (8), CORRESP (6), 10-K/A (5), 10-Q/A (5), DEFA14A (5), SC TO-C (5), NT 10-Q (4), S-1/A (4), SC 13D/A (4), 5 (3), NT 10-K (3), SC 13D (3), SD (3), SC TO-T/A (2), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12G (1), CT ORDER (1), DEFM14A (1), PREM14A (1), S-1 (1), SC TO-I (1), SC TO-I/A (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 1, 2017
    Quarterly report (10-Q) Nov 7, 2016
    Proxy statement (DEF 14A) May 3, 2016
    Latest 8-K (8-K) Apr 18, 2017

Sources

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