Costa Mesa-based networking equipment maker Emulex Corp. has signaled its intent to acquire Endace Ltd. in New Zealand for $130 million in an all-cash deal.

Emulex on Wednesday announced it filed a “takeover notice” with New Zealand regulators in its bid to buy the Aukland-based company that specializes in network performance management.

The deal, which is expected to close by March, has garnered unanimous approval from Endace’s independent directors and is expecting to be approved by shareholders.

The company saw $41.2 million in revenue in its fiscal year ending in March. It targets large companies and government agencies in the U.S., U.K., Australia and New Zealand.

“Acquiring Endace aligns with our software-defined convergence strategy, doubles our total addressable market and places Emulex in another high-margin, high-growth market,” Chief Executive Jim McCluney said.

The buy is not expected to affect earnings in Emulex’s current fiscal year ending in June.

Emulex posted record sales of $501.8 million in the 12 months through June, up 11% from the same period a year earlier.

The Endace buy is one of Emulex’s priciest in its 43 history.

Emulex designs and makes networking equipment that connects storage, servers and data centers.

Endace’s technology is geared to record, visualize and monitor network traffic. The company also makes network analytics software and provides reliable, ultra-high speed network access switching.

Emulex is a leader in the 10-gigabit Ethernet connection market, a competitive segment that has drawn big industry players into the fold as storage needs and speedy data transfer become increasingly important with the proliferation of video and streaming content.

Emulex shares were flat in Wednesday’s trading session, with a market value of about $629.3 million.