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DTS Buys Manzanita Systems

socalTECH

Calabasas-based DTS , the developer of surround sound and other technology, said late Thursday that it has acquired Manzanita Ssstems , which develops MPEG software for the digital television, video on demand, and other markets. According to DTS, the move will bolster tools for online and streaming video applications. READ MORE>>.

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Ixia Buys BreakingPoint Systems

socalTECH

Calabasas-based Ixia , the developer of network testing equipment and software, announced this morning that it is in a definitive agreement to acquire BreakingPoint Systems , a developer of security testing tools. Ixia has been in an acquisitive mood lately, most recently acquiring network monitoring equipment firm Anue Systems in May.

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Ixia Reports Record Revenues, But Sees Loss

socalTECH

Calabasas-based Ixia , a developer of network testing tools, reported its fourth quarter and 2009 year end results Thursday, saying that it lost $31.3M in Q4 of 2009, on record revenues of $56.1M The loss came due to a $27.6M income tax charge to write-down the value of U.S. deferred tax assets. the firm reported in Q3.

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Ixia Cuts 80 Employees

socalTECH

Calabasas-based Ixia , a developer of network testing tools and software, is reporting this morning that it has implemented a "cost reduction initiative" and cut 80 positions from the firm, in what it said was primarily an elimination of duplicate resources from the company's October acquisition of Agilent's N2X product line.

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