Ixia Acquires Net Optics For $190 Million
October 30th, 2013 By: John Rath
Ixia agress to acquire Net Optics for $190 million, Fortinet boosts its ADC portfolio by acquiring Coyote Point, and Fusion-io enhances its ION Data Accelerator all-flash storage solution.
Ixia acquires Net Optics
Ixia (XXIA) announced that it has entered into a definitive agreement to acquire Net Optics, a provider of total application and network visibility solutions. The $190 million deal is a cash-free/debt-free transaction, subject to certain adjustments based on Net Optics’ net working capital, and is expected to close in the fourth quarter of 2013. With the acquisition, Ixia will be able to leverage Net Optics’ industry-leading active monitoring capabilities with their patented inline and bypass technologies, which go beyond passive network monitoring to deliver high availability of security and monitoring tools.
“Next-generation cloud providers, mobility operators and enterprises demand more visibility into their global networks in order to maintain quality of service across virtualization, application and service delivery,” said Errol Ginsberg, Ixia Chairman and Acting CEO. “The acquisition of Net Optics solidifies our position as a market leader with a comprehensive product offering including network packet brokers, comprehensive physical and virtual taps and application aware capabilities. Additionally, the acquisition strengthens our service provider customer base, increases our footprint in the enterprise, and broadens our sales channel and partner programs.”
Fortinet to acquire Coyote Point
Fortinet (FTNT) announced that it has entered into a definitive merger agreement to acquire Coyote Point Systems, a privately-held leading provider of enterprise-class application delivery, load balancing and acceleration solutions. “This acquisition complements Fortinet’s Network Security strategy and allows the company and our channel partners to accelerate and further deliver on our vision of providing complete and comprehensive security into the enterprise,” said Ken Xie, founder, president and chief executive officer of Fortinet. “Furthermore, we expect this acquisition will generate synergy among existing Fortinet products, including our FortiGate, FortiBalancer, FortiDDoS and FortiWeb platforms.”
“While Coyote Point has built a top class ADC product portfolio and loyal customer base, there has always been a trade off around resources,” said Bill Kish, CEO and founder of Coyote Point. “We look forward to being a member of the Fortinet family and the opportunity to make strategic technology investments in our ADC platform.”
Fusion-io enhances ION Data Accelerator
Fusion-io (FIO) announced new updates to its ION Data Accelerator all-flash shared storage solution. With broader high availability, increased performance and scalability, as well as simplified sharing and manageability, the new features enhance the appeal of ION Data Accelerator as an ideal flash-based storage consolidation solution for enterprises seeking to add a record-breaking flash performance tier for Oracle and Microsoft SQL Server databases and other mission critical applications. ION Data Accelerator 2.2 now supports HA deployments in high performance InfiniBand and iSCSI environments for critical applications like Oracle and Microsoft SQL Server databases.
“Fusion ION Data Accelerator delivers outstanding performance for enterprise database workloads and has also recently set a number of world records in VMware VMmark scores with our OEM partners,” said Afshin Daghi, Fusion-io Vice President of Systems Engineering. “Fusion ION Data Accelerator removes storage-related performance bottlenecks to maximize performance for enterprise applications. This new release enhances the enterprise appeal of the ION Data Accelerator solution with features that deliver expanded options for high availability, scalability and management across the datacenter.”