Ixia has acquired the exclusive U.S. and Canadian distribution rights and a perpetual license to the source code for the Chariot product line from NetIQ. NetIQ's Chariot allows users to simulate full-scale enterprise networks with a mixture of traffic types, including VoIP, Multicast, Oracle, and SAP business transactions. It can be used for pre-deployment testing of networks with real-world application loads, and is designed for enterprise IT, hardware and software vendors, as well as service providers. Ixia will integrate the software into its Real World Traffic Suite, thereby providing a single chassis that can simulate full-scale enterprise networks and application-level traffic.
The sale was valued at $17.5 million, plus royalties on sales of existing Chariot products. Products developed by Ixia based on the Chariot source code will not be subject to royalty payments. Ixia has an option to purchase the remaining assets of the Chariot business after 18 months for $2.5 million.
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Sunday, July 6, 2003
Ixia Acquires NetIQ's Chariot Product Line
Sunday, July 06, 2003
Financial