BNET Industries

Market Cap:$437.2M
Last Fiscal Year Sales:$175.8M
  • Public
  • US
Dow Jones Description

Ixia is a leading provider of performance test systems for IP-based infrastructure and services. Ixia is a public company (NASDAQ: XXIA) operating in over 30 countries worldwide. Service Providers, Network and Telephony System Vendors, Semiconductor Manufacturers, Governments, and Enterprises use Ixia's test systems to validate the functionality and reliability of complex IP networks, devices, and applications. Ixia's highly scalable solutions generate, capture, characterize, and emulate network and application traffic, establishing definitive performance and conformance metrics of network devices or systems under test. Ixia's Triple Play test systems address the growing need to test voice, video, and data services and network capability under real-world conditions. Ixia's test systems utilize a wide range of industry-standard interfaces, including Ethernet, SONET, ATM, and wireless connectivity, and are distinguished by their performance, accuracy, reliability, and adaptability to the industry's constant evolution.

Director, President and Chief Executive Officer
Atul Bhatnagar
Number of Employees 769
Contact Information

26601 W Agoura Rd

Calabasas, California 91302

ixiacom.com

(818) 871-1800

NAICS Code Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals: 334515

Recent Events

  • F5 Networks Deploys Ixia Test Solutions to Validate Extreme-Scale ADC Performance

    11/22/09 - Licensing / Contract - View Story

  • Ixia Completes Acquisition

    11/02/09 - Merger / Acquisition - View Story

  • Ixia Posts Q3 Revenue of $46.4 Million

    11/04/09 - Financial Announcement - View Story

  • Ixia Buying Agilent N2X Data Network Testing Product Line

    10/27/09 - Joint Venture / Alliance - View Story

  • Ixia Unveils Fusion Initiative for Agilent N2X Product Line Purchase

    10/27/09 - Merger / Acquisition - View Story

  • Ixia acquires N2X Data Networks product line from Agilent Technologies

    11/02/09 - Merger / Acquisition - View Story

  • IneoQuest Wins Trade Secret Case Against Ixia, Moves Forward With Its Own Legal Action

    10/26/09 - Lawsuit Filed - View Story

  • Ixia to Acquire Agilent Technologies` N2X Data Network Testing Product Line

    10/26/09 - Joint Venture / Alliance - View Story

  • Ixia Splashes $44M on Agilent Unit

    10/22/09 - Merger / Acquisition - View Story

  • Ixia Buys Agilent Product Line For $44M

    10/21/09 - Merger / Acquisition - View Story

  • Brigantine Advisors Reiterates a 'Buy' on Ixia XXIA; Expects Evidence of Improving Top Line Growth

    10/20/09 - Bond / Stock Rating - View Story

  • Emulex Adds SATA Bridging Support, Links With Ixia

    10/16/09 - Joint Venture / Alliance - View Story

  • Ixia Inks Distribution Pact with Ingram Micro

    9/14/09 - Joint Venture / Alliance - View Story

  • Ixia Issues 2Q Financial Results

    8/11/09 - Financial Announcement - View Story

  • Ixia Buys Catapult

    7/01/09 - Merger / Acquisition - View Story

News & Analysis

investment and ixia - All News and Analysis

Decision Makers

Name (plus bio) Position
Atul Bhatnagar Director, President and Chief Executive Officer
Thomas B. Miller CFO
Alan Grahame Senior Vice President, Worldwide Sales
Ron Buckly Senior Vice President, Corporate Affairs and General Counsel
Victor Alston Senior V.P. (See Remarks)
Anupam Sahai Vice President, Marketing
Chris Williams Vice President, Human Resources
David Anderson Vice President of Business Development
Gary Stone Vice President, Sales, Western Reg
Joseph Noble Vice President, Asia Pacific
Maik Lankau Vice President, Carrier Sales
Mark Macwhirter Vice President, Software Development
Raymond De Graaf Vice President, Operations
Tim Jones Vice President, Human Resources
Walid Chamoun Vice President, Manufacturing
Walker Colston Vice President, Engineering Operations
Frank Zajaczkowski Executive Director, Communications
Cliff Hannel Senior Director of Engineering
Mike Moldovan Director, Product Management
Ali Safari Product Manager
Christian Buerger Product Manager
Dean Lee Product Manager
Sunil Kalidindi Product Line Manager

Board of Directors

Name (plus bio) Position
Jon F. Rager Chairman
Gail E. Hamilton Board of Directors
Jonathan Fram Board Member
Laurent Asscher Board of Directors
Massoud Entekhabi Board of Directors

An accomplished high-tech executive, Atul Bhatnagar is responsible for Ixia's day-to-day operations and is intimately involved with strategy and long-term business planning. Atul brings more than 20 years of experience in the computing and communications industry. Most recently, Atul led product development at a leading mobile to mobile convergence startup, DiVitas Networks, focusing on WiFi and Cellular seamless convergence. Prior to that, Atul served as vice president and general manager of the Enterprise Data Networks Division of Nortel. At Nortel, Atul's business unit was responsible for the design and marketing of a full range of Ethernet switches, security solutions, WLAN mobility solutions, Metro Ethernet technologies and enterprise routers. Atul came to Nortel through its acquisition of Alteon Web Systems in October 2000, where he was vice president of Advanced WebSwitching Products, creating next generation WebSwitches and security acceleration products. Prior to joining Alteon Web Systems, Atul worked at Hewlett-Packard for almost 15 years where he held several general management assignments in North America and Asia. He led the creation of OSS and BSS solutions for Wireless Service Providers based on HP's OpenView Architecture. His team was also responsible for HP-UX networking services for all HP-UX based workstations and minicomputers. Mr. Bhatnagar holds a MSEE from the University of New Mexico and a BSEE from the Birla Institute of Technology and Science, Pilani, India.

Organization Position Status
Ixia Director, President and Chief Executive Officer Current
Franklin W. Olin College of Engineering Current
Nortel Former
The University of New Mexico Msee Former
Birla Institute of Technology & Science Bsee Former

A savvy financial executive, Tom Miller joined Ixia in March of 2000 as Chief Financial Officer and is responsible for finance and investor relations. Tom's experience with corporate finances stretches over more than 25 years, Tom cut his teeth in the world of finance as a Certified Public Accountant for PriceWaterhouseCoopers. He later moved into management - first serving as controller of Financial Operations at Emulex Corporation, a leading provider of Fibre Channel solutions, and later as director of Finance for CoCensys, a publicly traded biotech company until it was acquired in late 1999. Tom received his BA degree in economics from the University of California, Berkeley, and his MBA from the University of Southern California.

Organization Position Status
Ixia CFO Current
Cross-Platform Vice President, Worldwide Sales Current
Trolltech, Inc. Vice President, Worldwide Sales Current
Ixia Board of Directors Current
Trolltech, Inc. Director of Worldwide Sales Former
Emulex Corporation Controller Former
University of Southern California MBA Former
University of California, Berkeley undergraduate degree in economics Former

Mr. Grahame joined the Company as Senior Vice President, Worldwide Sales in November 2007. From November 1999 until joining the Company, Mr. Grahame held a number of senior sales positions at Agilent Technologies, where he most recently served as Worldwide Vice President for Customer Operations for Agilent s Operational Support Systems Group and was responsible for that group s worldwide sales, services and support.

Organization Position Status
Ixia Senior Vice President, Worldwide Sales Current

Mr. Buckly joined the Company as Senior Vice President, Corporate Affairs and General Counsel in April 2007. From January 2004 until December 2006, Mr. Buckly served as Senior Vice President, Corporate Affairs and General Counsel of Tekelec, a telecommunications equipment manufacturer. He has also served as the Company s Corporate Secretary since its formation in May 1997.

Organization Position Status
Ixia Senior Vice President, Corporate Affairs and General Counsel Current
Tekelec Senior Vice President, Corp Affairs Current
Bryan Cave Llp Partner Former
Coudert Brothers Llp Partner Former
Hastings College Jd Former
New York University Master's In Tax Law Former
University of California, Berkeley Bachelor's Degree Former

Mr. Alston joined the Company as Vice President, Application Development in August 2004. He became Vice President, Engineering in April 2006 and was appointed as an executive officer (in that position) in June 2006. In June 2007, Mr. Alston assumed his present position of Senior Vice President, Product Development. From January 2000 until August 2004, Mr. Alston served as a Director of Engineering of SAP AG, a provider of business software.

Organization Position Status
Ixia Senior V.P. (See Remarks) Current
Ixia Vice President of Engineering Current
Stanford University Master's Degrees In Computer Science Former
Stanford University Bachelor's Former

Anupam Sahai is responsible for leading marketing and strategic business planning at Ixia. His goal is to help expand Ixia's leadership in the currently emerging fields of network convergence testing, converged applications such as triple-play/IPTV, converged network monitoring, and to help identify other potential new areas of growth. Anupam brings 19 years' experience in high tech to Ixia, which he joined in 2008. Prior to joining Ixia, he served as senior director and general manager, Software Products and Applications for the Voice division at Polycom Inc. Previous positions included various senior management roles at Microsoft, Silicon Graphics Inc., and Hewlett Packard. Throughout his career, he has distinguished himself through his ability to identify new business and growth opportunities, forge strategic partnerships, lead the rapid development of innovative products and rapidly bring these products to market. Anupam holds undergraduate degrees and a master's of Technology, Computer Science and Engineering from the Indian Institute of Technology (IIT), India, and a master's of science degree in Management and Engineering from the Massachusetts Institute of Technology (MIT). He holds several patents in the area of networking, Internet technologies, and multimedia.

Organization Position Status
Ixia Vice President, Marketing Current
Indian Institute of Technology Master's of Technology, Computer Science and Engineering Former
Indian Institute of Technology Degrees Former

Mr. Williams joined the Company as Vice President, Human Resources in August 2008. From March 2007 until joining the Company, Mr. Williams served as Vice President, Human Capital of Helio, LLC, a wireless telecommunications carrier. From March 2003 until January 2007, he served as a Vice President of Human Resources of Yahoo! Inc., an Internet service provider.

Organization Position Status
Ixia Vice President, Human Resources Current
University of Utah Degrees In Management and Finance Former
University of Utah Masters In Human Resources Former

David Anderson joined Ixia in August of 2001 as Vice President of Business Development and was promoted to Senior Vice President of Worldwide Sales and Business Development Operations in November of 2001. David brings over 20 years of experience to Ixia in key sales and business development roles at leading technology companies. Previously, he was CEO of Silicon Valley Networks, a communications test measurement company which was sold to Verecomm. His experience also includes building successful sales organizations at high tech companies such as Pure Atria (where he was Vice President of Sales and Corporate Marketing) and Mercury Interactive (where he was Vice President of Sales). David received a BSEE and BSCS from the University of California at Berkeley.

Organization Position Status
Ixia Vice President of Business Development Current
University of California, Berkeley Bsee and Bscs Former

Organization Position Status
Ixia Vice President, Sales, Western Reg Current

Organization Position Status
Ixia Vice President, Asia Pacific Current
Tekelec Vice President Sales & Marketing Former

Maik Lankau is responsible for Ixia's global sales initiative focused on the large carrier marketplace. Maik, who joined Ixia in February 2008, has a wealth of experience in developing successful sales organizations. Previously, he served as senior vice president, Worldwide Sales and Marketing, for Allied Telesys International, a global provider of secure Ethernet/IP access solutions. Prior to that, he managed business units specializing in IP transport technologies and wireless core infrastructures at Allied and several other companies. Maik earned master's certificates in business management, analysis, leading of large organizations, and executive leadership strategies at the University of Notre Dame.

Organization Position Status
Ixia Vice President, Carrier Sales Current

Organization Position Status
Ixia Vice President, Software Development Current

Raymond de Graaf, a global operations and integration expert, joined Ixia in January of 2008 as vice president of Operations. Raymond is responsible for Ixia's manufacturing operations and infrastructure management. Raymond has more than 15 years of experience in growing, managing and integrating global operations. Most recently, Raymond was the vice president and general manager of Precision Communications - a leading provider of repair, refurbishment, resale, logistics and inventory management for leading OEMs and carriers worldwide. Prior to Precision Communications, Raymond held senior management positions at Flextronics -- a global electronics manufacturing company -- including director of Global Operations and director of Global Integrations. Raymond holds a Global Executive MBA from the Fuqua School of Business at Duke University, a graduate degree in Global Business Administration from Nijenrode University in the Netherlands, and a B.S. in Logistics Engineering and Business Administration from Polytechnic University in the Netherlands.

Organization Position Status
Ixia Vice President, Operations Current
Precision Communications Vice President Former
Precision Communications General Manager Former
Nijenrode University Graduate Degree In Global Business Administration Former
Polytechnic University B.S. In Logistics Engineering and Business Administration Former

A consummate Human Resources executive, Tim joined Ixia in November of 2005 as vice president of Human Resources and is responsible for Ixia's compensation, benefits, employee relations, recruitment and related compliance worldwide. With a successful career spanning 25 years, Tim has had the top executive Human Resources positions with Mobil Oil, Sprint, Rand McNally, and Dunn and Bradstreet. Prior to joining Ixia, Tim was vice president of HR for REMEC Inc., a publicly traded, multi-national company located in Del Mar California with employee locations in China, Philippines and Costa Rica. Tim received his bachelor's of science degree from Baldwin-Wallace College and his master's of science in Industrial Relations from Iowa State University. He is a member of the Society for Human Resource Management, the San Diego International Human Resources Association, the San Diego Human Resources Forum, and he is vice president of the Human Resources Forum of Los Angeles.

Organization Position Status
The Human Resources Forum Vice President Current
Ixia Vice President, Human Resources Current
Society for Human Resource Management Board of Directors Current
Society for Human Resource Management Member Current
Sprint Corporation Former
Rand McNally & Company Former
Iowa State University Ms In Industrial Relations Former
Baldwin-Wallace College B.S. Former

Organization Position Status
Ixia Vice President, Manufacturing Current

Mr. Colston joined the Company as Senior Director, Engineering Operations in June 2003. He became Vice President, Engineering Operations in June 2004 and was appointed as an executive officer in that position in June 2006.

Organization Position Status
Ixia Vice President, Engineering Operations Current
Ixia Senior Director of Engineering Operations Current
University of California BS Degree In Mechanical Engineering Former

Organization Position Status
Ixia Executive Director, Communications Current

Cliff Hannel joined Ixia in May 2000 as Senior Director of Engineering and was promoted to Vice President of Engineering in February 2001. In October 2004, Cliff became Vice President, Acquisitions & Strategy to increase Ixia's focus on integrating acquisitions into our product and growth strategies. He has more than 20 years experience in engineering and management positions in startup and established companies. Prior to joining Ixia, Cliff worked as Vice President, Product Development at Internet Dynamics, a developer of network security software. Cliff graduated from the University of California, Santa Barbara with a degree in mechanical engineering.

Organization Position Status
Ixia Senior Director of Engineering Current
Share Space Networks, Inc. Executive Current
Ixia Vice President of Engineering Former
Internet Dynamics Corporation Vice President, Product Development Former
University of California, Santa Barbara degree in mechanical engineering Former

Organization Position Status
Ixia Director, Product Management Current

Organization Position Status
Ixia Product Manager Current

Organization Position Status
Ixia Product Manager Current

Organization Position Status
Ixia Product Manager Current

Organization Position Status
Ixia Product Line Manager Current

Mr. Rager has been a director of the Company since May 1997 and served as the Company's Chief Financial Officer from June 1997 to March 2000. From 1975 until his retirement in 2006, Mr. Rager was a practicing accountant with, and President of, RBDM Rager Meyer Accountancy Corporation (and its predecessors). Mr. Rager also serves as a member of the Board of Directors for several privately-held companies.

Organization Position Status
Ixia Chairman Current
Ixia Board of Directors Current
Tekelec Board of Directors Current
Tekelec member Former

Organization Position Status
Cci Electronique Executive Vice President of Symantec Current
Arrow Electronics, Inc. Board of Directors Current
Open Text Corporation Board of Directors Current
Cci Electronique Board of Directors Current
Surgient Board of Directors Current
Ixia Board of Directors Current
Global Services Corp Executive Vice President Former
Symantec Corporation Executive Vice President & General Manager, Services & Support, Global Former
Hewlett-Packard Company General Manager Former
Compaq Computers General Manager Former
Global Services Corp General Manager Former
Stanford University MSEE Former
University of Colorado BSEE Former

Organization Position Status
Maveron LLC Managing Partner Current
Ibloks, Inc Board Member and Maveron Managing Partner Current
Marchex, Inc. Board of Directors Current
Renkoo, Inc. Board of Directors Current
Mozes, Inc Board of Directors Current
Ixia Board Member Current
Evoice CEO Former
Envivio, Inc. CEO Former
Evoice President Former
Net2Phone, Inc. President Former
Bloomberg L.P. General Manager Former
Doll Capital Management Entrepreneur-In-Residence Former
PaineWebber, Inc. Analyst Former
Dcm - Doll Capital Management Entrepreneur in Residence Former
Envivio, Inc. consultant Former
International Business Machines Corporation computer design engineer Former
Gartner, Inc. Analyst Former
International Business Machines Corporation Computer Design Engineer Former
The Bear Stearns Companies Inc. Analyst Former
Princeton University B.S. degree in Electrical Engineering and Computer Science Former
Princeton University Degree In Electrical Engineering and Computer Science Former

Mr. Asscher has been a director since October 2008. Since February 2005, he has served as President and Chief Executive Officer of Airtek Capital Group, a private equity investment firm based in Brussels, Belgium. From January 2003 until December 2004, he served as General Manager of Tekelec-Airtronic, SA, a private equity investment firm based in Paris, France. He currently serves on the board of directors of several privately-held technology companies. He is the son of Jean-Claude Asscher, Chairman Emeritus of Ixia s Board of Directors.

Organization Position Status
Ixia Board of Directors Current

Organization Position Status
Ixia Board of Directors Current
PricewaterhouseCoopers partner Former
Fastclick member Former

Executive News

  • Ixia Buys Catapult

    TradingMarkets - 7/01/09 - View Story

  • Ixia Completes Catapult Acquisition

    Light Reading - 6/24/09 - View Story

  • Ixia Completes Acquisition of Wireless Test Vendor Catapult

    Business Wire via MSN Money - 6/24/09 - View Story

  • Ixia Completes Acquisition of Wireless Test Vendor Catapult Communications

    Business Wire - 6/24/09 - View Story

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     XXIA $6.95 +0.14 (2.06% )
Average Volume 103,201
Shares Outstanding 62.91M
Market Cap 437.3M
Year High 8.29
Year Low 4.26
Earnings Per Share -0.48
P/E Ratio -14.48
Dividend N/A
Yield N/A
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