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Ixia Announces Long-Term Leasing Program to Help Customers Conserve Capital Budgets and Upgrade Testing Technology
CALABASAS, Calif.-(Business Wire)-August 28, 2008 - Ixia(TM) (NASDAQ: XXIA), a leading, global provider of IP performance test systems, today announced that it is offering a long-term leasing option to its customers, enabling them to conserve capital budgets even as they upgrade their testing technology. The IxFinancing(TM) program offers competitive leasing rates through Ixia's partner, De Lage Landen (DLL), headquartered in Eindhoven, the Netherlands - a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods.
Value of IxFinancing
"Ixia's leasing program will enable our customers to finance up to 100 percent of equipment costs, plus 'soft costs' in the lease, including training and professional services," said Jim Smith, vice president of Sales, Ixia. "This will benefit all kinds of companies - start-ups and enterprises with limited budgets as well as larger customers who find themselves at the end of a budget cycle and need to quickly fill a gap in their testing."
"We're extremely pleased to partner with Ixia, and we look forward to expanding our capabilities into this new market space," said Rick Trobman, director, Global Program Management, Technology Finance at DLL.
Chelsio Communications Takes Advantage of IxFinancing
Chelsio Communications of Sunnyvale, California, a leading provider of 10 Gigabit Ethernet (10 GbE) adapters and ASIC solutions, took advantage of IxFinancing in order to continue the expansion of its 10 GbE testing capability with the purchase of Ixia's high-performance XM12 chassis and 10 GbE load modules.
"Chelsio Communications is known for its robust, high-performance unified wire technology and we can't let budget constraints during a tight economy stop development and verification of our products," said Kianoosh Naghshineh, president and CEO of Chelsio. "With IxFinancing, we were able to protect our Capex budget and, at the same time, add needed capacity to our testing labs."
Leasing Highlights
— No down payment
— 12- to 60-month terms
— Transactions from $5000 to $5 million (USD)
— Buyout-$1 at end of lease
Benefits of Leasing from Ixia
— Conserve capital. No upfront cash needed; 100 percent financing available. Training and support costs included in lease.
— Easy technology updates. During the term of the lease, equipment may be returned for credit against the outstanding balance of the lease. If the credit is less than the outstanding balance, the lease balance may either be paid off or added to the cost of a new equipment lease.
— Tax advantages. Monthly lease payments may be deducted as operating expenses, thereby reducing your taxable income. Consult your tax advisors.
About De Lage Landen
De Lage Landen is a global provider of high-quality asset-based financing products. The company, headquartered in Eindhoven, the Netherlands, is a wholly owned subsidiary of the Dutch Rabobank Group, which is Triple-A rated by the major rating agencies Moody's and Standard & Poor's.
With offices and joint ventures in more than 30 countries worldwide, De Lage Landen specializes in asset financing and vendor finance programs on a worldwide scale. The global offering also includes an array of commercial finance solutions. The company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Technology, Financial Institutions, Transportation and Materials Handling & Construction.
About Chelsio Communications, Inc.
Chelsio Communications is leading the convergence of networking, storage and clustering interconnects with its robust, high-performance and proven unified wire technology. Featuring Chelsio is shipping 10-Gigabit Ethernet and multiport Gigabit Ethernet adapter cards, which feature a highly scalable and programmable architecture, enabling the cards to deliver the low latency and superior throughput required for high-performance computing applications. For more information, visit the company online at www.chelsio.com.
About Ixia
Ixia is a leading provider of IP service verification platforms and performance test systems for IP-based infrastructure and services. Ixia's test systems are used by network and telephony equipment manufacturers, semiconductor manufacturers, service providers, governments and enterprises to validate the performance and reliability of complex IP networks, devices, and applications. Ixia's multiplay test systems address the growing need to test voice, video, and data services and network capability under real-world conditions.
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.
Ixia, IxFinancing and the Ixia four-petal logo are registered trademarks or trademarks of Ixia. Other trademarks are the property of their respective owners.
This material is for informational purposes only and subject to change without notice. It describes Ixia's present plans to develop and make available to its customers certain products, features and capabilities. Ixia is only obligated to provide those deliverables specifically included in a written agreement between Ixia and the customer.
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