Keysight Technologies Acquires Eggplant
June 25 2020 - 11:00AM
Business Wire
Brings together two complementary companies to
create an innovative force in the intelligent software test
automation market
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology
company that helps enterprises, service providers and governments
accelerate innovation to connect and secure the world, and
Eggplant, the digital automation intelligence specialist, today
announced that Keysight has completed the acquisition of Eggplant
from The Carlyle Group.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200625005633/en/
Eggplant is an industry leading software test automation
platform provider that uses artificial intelligence (AI) and
analytics to automate test creation and test execution. Eggplant’s
Digital Automation Intelligence platform can test any technology on
any device, operating system or browser at any layer, from the user
interface (UI) to application programming interfaces (APIs) to the
database.
With today's digital revolution, software content and value has
grown exponentially. Smart and interconnected products are enabled
by millions of lines of code. Businesses must accelerate their
digital transformation to remain competitive and relevant, while
continuing to support legacy platforms. The ever-growing scale and
breadth of testing required for digital products is increasing
complexity and thus time-to-market. By using artificial
intelligence and analytics to automate testing, Eggplant enables
improved software application development velocity and enhanced
quality, driving competitive advantage and differentiation. The
company’s customers span a wide range of sectors overlapping
Keysight’s existing customer base while expanding software test
opportunities into new end-markets.
The combination of Keysight and Eggplant brings together two
complementary companies to create an innovative force in the
automated software test market across the physical and protocol
layers and into the application layers. The acquisition enables
bi-directional leverage of measurement technologies between both
companies, resulting in increased solution differentiation in the
expanded offering.
“As a recognized leader and trusted advisor in layer 1-7 design
and test, Keysight is excited to add Eggplant’s test capabilities
for the software application layer, aligning with our strategy to
grow our first-to-market software-centric solutions,” said Ron
Nersesian, Keysight chairman and CEO. “We’re thrilled to welcome
the Eggplant team to the Keysight family and look forward to
working together in the fast-growing intelligent software test
market with differentiated software-as-a-service technologies.”
“Joining forces with Keysight gives Eggplant the ability to
scale our intelligent automation platform and reach more
organizations across the globe,” said Dr. John Bates, CEO of
Eggplant. “We share a vision to accelerate innovation and together
we will be able to help customers on their digital transformation
journey. We’re proud of what we’ve accomplished through our
employees and partners' contributions, and we’re excited about this
next chapter.”
This transaction is valued at US $330 million. Eggplant had 2019
revenue of US $38 million and its CEO, John Bates, will join the
Keysight leadership team reporting to Soon-Chai Gooi, president of
Keysight’s Electronic Industrial Solutions Group.
About Eggplant
Eggplant, the fastest growing automation provider and, until
now, a portfolio company of The Carlyle Group, provides
user-centric, intelligent testing and performance solutions
designed to optimize the digital experience, delight customers, and
drive business success. Only Eggplant enables organizations to
test, monitor, analyze, and report on the quality and
responsiveness of software applications across different
interfaces, platforms, browsers, and devices, including mobile,
IoT, desktop, and mainframe. Learn more at Eggplant.
About Keysight Technologies
Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology
company that helps enterprises, service providers and governments
accelerate innovation to connect and secure the world. Keysight's
solutions optimize networks and bring electronic products to market
faster and at a lower cost with offerings from design simulation,
to prototype validation, to manufacturing test, to optimization in
networks and cloud environments. Customers span the worldwide
communications ecosystem, aerospace and defense, automotive,
energy, semiconductor and general electronics end markets. Keysight
generated revenues of $4.3B in fiscal year 2019. More information
is available at www.keysight.com.
Additional information about Keysight Technologies is available
in the newsroom at https://www.keysight.com/go/news and on
Facebook, LinkedIn, Twitter and YouTube.
Source: IR-KEYS
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200625005633/en/
KEYSIGHT TECHNOLOGIES CONTACTS: EDITORIAL CONTACT: Denise Idone,
+1 941-888-2388 denise.idone@keysight.com
INVESTOR CONTACT: Jason Kary, +1 707-577-6916
jason.kary@keysight.com
EGGPLANT CONTACT: Claire Rowberry, +1 617-785-5571
claire@clearcommsc.com
Keysight Technologies (NYSE:KEYS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Keysight Technologies (NYSE:KEYS)
Historical Stock Chart
From Apr 2023 to Apr 2024