**Editor's Note: Please click here for the biggest M&A in Q3 2012 in the service-provider and BSS/OSS spaces.**
Costa Mesa, Calif.-based Emulex announced this week that it plans to buy Endace for $130 million. New Zealand-based Endace specializes in network-performance management.
Emulex, a converged network solutions provider, says the purchase will add an estimated $1.7 billion in new market opportunity for the company and nearly doubles its combined total addressable market (TAM) to $3.2 billion. Endace’s solutions will enable Emulex to provide the best visibility into detecting and resolving issues in high-speed networks, making it a critical piece of Emulex’s portfolio that connects, monitors and manages converged networks, the company said.
Endace, whose sales and marketing headquarters are in Sunnyvale, Calif., provides network monitoring appliances, network analytics software and ultra-high speed network access switching with what the companies say is 100 percent accuracy. Endace claims to be the only vendor that can deliver the accuracy and scalability required to provide intelligent visibility into networks running at speeds up to 100GB.
Emulex says this acquisition makes it the only company to provide connectivity I/O assets at 10GB and beyond, and the visibility solutions for network monitoring at those speeds for true end-to-end connectivity, monitoring and management. This will enable IT managers and service providers to more accurately identify issues and quickly resolve them for optimal application delivery, security and data storage.
The acquisition is subject to customary closing conditions, including regulatory approval.