|[September 04, 2007]
Ixia Announces Appointment of President and Chief Operating Officer
CALABASAS, Calif. --(Business Wire)-- Ixia (Nasdaq:XXIA), a leading, global provider of IP performance test systems, today announced that it has appointed Atul Bhatnagar to the new position of President and Chief Operating Officer. Mr. Bhatnagar will also join Ixia's Board of Directors in the third quarter of 2007. Mr. Bhatnagar brings over 20 years of experience in the computing and communications industry, and recently served as Vice President and General Manager of the Enterprise Data Networks Division of Nortel. Mr. Bhatnagar will report to Errol Ginsberg who remains actively involved in the Company as its Chief Executive Officer and a member of its Board of Directors.
Working with Mr. Ginsberg, Mr. Bhatnagar will assume overall responsibility for the Company's day-to-day operations and will also be intimately involved with strategy and long-term business planning. Ixia's senior executive management team will report directly to Mr. Bhatnagar. Mr. Ginsberg will focus primarily on high level product development and longer-term strategic planning, as well as the evaluation of market opportunities and potential acquisitions.
At Nortel, Mr. Bhatnagar'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. Mr. Bhatnagar 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, Mr. Bhatnagar worked at Hewlett-Packard for close to 15 years where he held several general management assignments in North America and Asia. Mr. Bhatnagar holds an MSEE from the University of New Mexico and a BSEE from the Birla Institute of Technology and Science, Pilani, India.
"After an extensive search, I am excited to have Atul join Ixia at an important time in our evolution, as we look to capitalize on the opportunities for growth in our industry," commented Errol Ginsberg, CEO of Ixia. "Atul brings a wealth of industry experience and broad market knowledge. His expertise will give us additional focus on our day-to-day operations and strong leadership in virtually every aspect of our business. Bringing Atul on board also allows me to concentrate more on pursuing new product development opportunities and strategic planning in an effort to increase our overall long-term growth potential. Atul's appointment is also an important milestone in the Company's succession planning. While I expect to remain an active employee focused on strategy and technology and will continue to serve as a member of our Board of Directors, it is likely that if all goes as planned Atul will be appointed to succeed me as CEO in early 2008."
"As a former customer of Ixia's advanced solutions, I can personally attest to the unsurpassed quality of Ixia's products. I understand the crucial role that its products play in ensuring the reliability and robustness of converged networks and the unique opportunity for growth in front of the Company," added Atul Bhatnagar. "There is tremendous change taking place in the communications world, with the roll-out of new IP technologies and advanced Triple Play networks. With this change comes new opportunities for Ixia and an increasing need for creative, high performance test solutions that Ixia has a proven track record of providing."
We are a leading provider of performance test systems for IP-based infrastructure and services. Our 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. Our test systems are used by network and telephony equipment manufacturers, semiconductor manufacturers, service providers, governments, and enterprises to validate the functionality and reliability of complex IP networks, devices, and applications. Our Triple Play test systems address the growing need to test voice, video, and data services and network capability under real-world conditions. Our vision is to be the world's pre-eminent provider of solutions to enable testing of next generation IP Triple Play networks. Our 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.
For more information, contact Ixia at 26601 W. Agoura Road, Calabasas, CA 91302; 818-871-1800, Fax: 818-871-1805; Email: email@example.com or visit our Web Site at http://www.ixiacom.com.
Ixia and the Ixia four petal logo are trademarks and/or registered trademarks of Ixia. Other trademarks are the property of their respective owners.
Safe Harbor Under the Private Securities Litigation Reform Act of 1995:
Certain statements made in this press release are forward-looking statements, including, without limitation, statements regarding possible future revenues, growth and profitability and future business and market share. In some cases, such forward-looking statements can be identified by terms such as "may," "will," "expect," "plan," "believe," "estimate," "predict" or the like. Such statements reflect our current intent, belief and expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that may cause future results to differ materially from our current expectations include those identified in our Annual Report on Form 10-K for the year ended December 31, 2006 and in our other filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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