U.S. networking company Ixia explores sale: sources

Reuters News
Posted: Dec 02, 2016 3:11 PM

(Reuters) - Ixia <XXIA.O>, a U.S. provider of equipment and applications that help maintain and test computer networks, is exploring strategic alternatives, including a potential sale, people familiar with the matter said on Friday.

Ixia is working with an investment bank on a sale process that is already underway and has attracted the interest of other companies and private equity firms, the people said, asking not be identified because the negotiations are confidential.

A sale of Ixia, should one occur, is still several weeks away, the people added. Ixia, based in Calabasas, California, did not respond to requests for comment.

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John Stossel

(Reporting by Liana B. Baker in San Francisco; Editing by Tom Brown)