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Ixia Announces CEO Transition and Appoints Errol Ginsberg as Acting CEO



  Ixia Announces CEO Transition and Appoints Errol Ginsberg as Acting CEO

                Appoints Alex Pepe as Chief Operating Officer

Business Wire

CALABASAS, Calif. -- October 24, 2013

Ixia (NASDAQ: XXIA) today announced that Vic Alston has resigned as its
President and CEO and as a member of its board of directors following a
determination by the Ixia audit committee that although he had attended
Stanford University, he had misstated his academic credentials, incorrectly
claiming to have received a B.S. and a M.S. in Computer Science, and had
misstated his age and early employment history.

The board has appointed Errol Ginsberg, Ixia’s chairman of the board, founder
and former CEO as acting CEO (in addition to his current role as chief
innovation officer), and Alex Pepe, senior vice president, strategy, as chief
operating officer.

Ixia also reaffirmed its revenue guidance for the third quarter ended
September 30, 2013 and expects revenue to be above the midpoint of its
previously stated guidance range of $112 million to $117 million. The company
will issue financial results for its third quarter ended September 30, 2013
after the U.S. markets close on Tuesday, October 29, 2013, followed by a
conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time).

“Vic made many positive contributions to Ixia over the past nine years, and we
are saddened by the circumstances of his resignation,” said Ginsberg. Ginsberg
continued, “I am pleased with Alex’s appointment as chief operating officer.
Alex’s broad experience and leadership skills will be of great value in
helping Ixia through this transitional period. Since joining Ixia 16 months
ago, Alex has done a great job leading our visibility product team and has
been instrumental in developing our monitoring strategy.”

Pepe joined Ixia in June 2012 through the acquisition of Anue Systems, where
he served as President and CEO. He has more than 25 years of experience in the
technology industry, with 15 years in executive leadership roles. Prior to
joining Anue, Pepe spent six years as a senior vice president of Freescale
Semiconductor where he led global operations and was responsible for
manufacturing, procurement, and supply chain systems.

The Board plans to commence a search to identify a permanent CEO for the
company.

Conference Call and Webcast Information

Ixia will host a conference call on October 29, 2013 at 2:00 p.m. Pacific time
(5:00 p.m. Eastern time), for analysts and investors to discuss its 2013 third
quarter results and its business outlook for the 2013 fourth quarter. Open to
the public, interested parties may access the call by dialing (678) 825-8347.
A live webcast of the conference call, along with supplemental financial
information, will be accessible from the "Investors" section of Ixia's web
site (www.ixiacom.com). Following the live webcast, an archived version will
be available in the "Investors" section on the Ixia web site for at least 90
days.

About Ixia

Ixia develops amazing products so its customers can connect the
world. Ixia helps its customers provide an always-on user experience through
fast, secure delivery of dynamic, connected technologies and services. Through
actionable insights that accelerate and secure application and service
delivery, Ixia's customers benefit from faster time to market, optimized
application performance and higher-quality deployments. Learn more
at http://www.ixiacom.com.

Contact:

The Blueshirt Group
Maria Riley, 415-217-7722
Investor Relations
or
Ixia
Tom Miller, 818-444-2325
Chief Financial Officer
tmiller@ixiacom.com
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