Emulex Buys Endace

Costa Mesa-based networking equipment provider Emulex said Wednesday that it is acquiring Endace Limited, a provider of network performance management and monitoring appliances. The deal is worth approximately $130M. Endace--which trades on the London AIM--equipment which can record and monitor network traffic at 10Gb speeds and above. The firm has its R&D operations in New Zealand, with marketing headquarters in Sunnyvale.