Wednesday, June 29, 2011
Ixia Acquires VeriWave
Calabasas-based Ixia, the provider of network testing equipment and software, said earlier this week that it has acquired VeriWave, a provider of wireless testing devices. Financial terms of the acquisition were not announced. VeriWave is a provider of wireless LAN and Wi-Fi performance testing equipment. The deal is expected to close on July 18th. VeriWave was venture backed by TL Ventures, US Venture Partners, Montlake Capital, Alloy Ventures, and Woodside Fund. VeriWave's VP of Marketing happens to be Eran Karoly, who served in the same role at Ixia prior to joining VeriWave.