As tech giants like Sprint Nextel Corp. (NYSE:S) and AT&T Inc. (NYSE:T) navigate the rough economy to
roll out 3G and 4G wireless technology, smaller companies are looking to benefit from their efforts. Ixia (NASDAQ:XXIA), a telecom equipment tester, is beefing up its business,
announcing the acquisition of Catapult Communications Corp. (NASDAQ:CATT) for $105 million. The deal apparently makes Ixia a "leader in 3G and 4G wireless testing."
Marking its intent to look for acquisitions, Calabasas, Calif.-based Ixia
hired in February 2008 Maik Lankau as a vice president, business development and global alliances. But soon after, a global economic meltdown started to take effect and has been taking its toll on Ixia. The company has been reporting losses -- like just about everyone else -- but is starting to come around.
Ixia president and CEO Atul Bhatnagar said, "
Despite the challenging business conditions during the first quarter, we generated positive cash flow from our operations, and were encouraged by year-over-year top line growth in some key markets, including China and Japan." -
Baz Hiralal
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