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Company : Business Wire 
Thursday, September 23, 2004 9:10AM IST (3:40AM GMT)
 
(BW)(CA-IXIA)(XXIA)
Ixia Named One of Los Angeles's Fastest Growing Technology Companies in Deloitte Technology Fast 50 Program for Fourth Consecutive Year
Los Angeles, United States

Ixia (Nasdaq:XXIA), a leading, global provider of IP network testing solutions, announced Wednesday they were named to Deloitte's prestigious Technology Fast 50 Program for Los Angeles, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Ixia's overall Technology Fast 50 ranking of 27th on the list announced September 21, is based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.

"To make the Deloitte Technology Fast 50, companies within Los Angeles must have had tremendous revenue growth from 1999-2003," said Tim Lovoy, Deloitte partner, Technology, Media & Telecommunications practice, Los Angeles. "Ixia has proven to be one of the fast-growth success stories in Los Angeles, and we applaud their success and vision which we attribute to their leadership and customer responsiveness."

"We are proud to be recognized as one of the Deloitte Technology Fast 50 companies within Los Angeles for the fourth year in a row," said Errol Ginsberg, president and CEO of Ixia. "Making the list is a testament to our success during challenging times. We have done this by remaining focused and true to the task of delivering products in one core industry -- IP network test and measurement."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com.

About Ixia

Ixia is a leading, global provider of high performance IP network testing solutions. Its 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 testing solutions are used by Network and Telephony Equipment Manufacturers, Semiconductor Manufacturers, Service Providers, and large Enterprises to validate the functionality, and reliability of complex IP networks, devices, and applications. Ixia's patented Real World Traffic(TM) Suite addresses the growing need to test applications and networks prior to deployment under realistic load conditions. Ixia's analysis solutions utilize a wide range of industry-standard interfaces 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: info@ixiacom.com or visit our Web Site at http://www.ixiacom.com.

Safe Harbor Under the Private Securities Litigation Reform Act of 1995:

Certain statements made in this news release are forward-looking statements, including, without limitation, statements regarding possible future revenues and earnings per share, 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 the Company's current intent, belief and expectations and are subject to risks and uncertainties that could cause the Company's 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 the Company's current expectations include, among other things: the current economic slowdown in general and decreasing capital availability and investment in the telecommunications industry in particular, consistency of orders from significant customers, the timing of new product releases, our success in developing and producing new products, market acceptance of our products and competitive pressures including competition for limited source components. These and other risk factors that may affect Ixia's financial results in the future are discussed in Ixia's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2001. Ixia undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Ixia, and the Ixia logo are registered trademarks of Ixia.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.

 
 
 
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