U.S. networking company Ixia explores sale: sources

Reuters News
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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.

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