SANTA ROSA, Calif.--(BUSINESS WIRE)--
Keysight Technologies, Inc. (NYSE:KEYS) today announced that it has
completed the acquisition of Anite. Keysight paid approximately $600
million in cash for Anite – a leading supplier of software solutions for
wireless research and development – in a deal that supports Keysight’s
strategy to grow in wireless and expand its software offerings.
“The acquisition of Anite strengthens Keysight’s wireless portfolio and
helps us to expand our software offerings as we transition to a
software-oriented solutions company,” said Ron Nersesian, Keysight
president and CEO. “Our combined, complementary strengths will enable us
to provide greater value and more possibilities for our customers.”
“We are very pleased to welcome Anite to Keysight,” added Nersesian.
About Keysight Technologies
Keysight Technologies (NYSE:KEYS) is a global electronic measurement
technology and market leader helping to transform its customers’
measurement experience through innovations in wireless, modular, and
software solutions. Keysight’s electronic measurement instruments,
systems, software and services are used in the design, development,
manufacture, installation, deployment and operation of electronic
equipment. The business had revenues of $2.9 billion in fiscal year
2014. Information about Keysight is available at www.keysight.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. These forward-looking statements involve risks and
uncertainties that could significantly affect the expected results and
are based on certain key assumptions. Due to such uncertainties and
risks, no assurances can be given that such expectations will prove to
have been correct, and readers are cautioned not to place undue reliance
on such forward-looking statements, which speak only as of the date
hereof. The forward-looking statements contained herein include, but are
not limited to, the expected benefits and costs of the transaction; the
plans, strategies and objectives of management for future operations;
product development, product extensions, product integration,
complementary product offerings and growth opportunities in certain
business areas; and any assumptions underlying any of the foregoing.
Actual results may differ materially from those referred to in the
forward-looking statements due to a number of important factors,
including but not limited to the possibility that expected benefits of
the transaction may not materialize as expected; that Keysight may not
be able to successfully integrate the products and employees of Keysight
and Anite or ensure the continued performance or growth of Anite’s
products.
In addition, other risks that Keysight faces include those detailed in
Keysight’s filings with the Securities and Exchange Commission,
including our quarterly report on Form 10-Q for the quarter ended April
30, 2015. Forward-looking statements are based on the beliefs and
assumptions of Keysight’s management and on currently available
information. Keysight undertakes no responsibility to publicly update or
revise any forward-looking statement.
Additional information about Keysight Technologies is available in the
newsroom at www.keysight.com/go/news.
Source: IR-KEYS
View source version on businesswire.com: http://www.businesswire.com/news/home/20150813006112/en/
Source: Keysight Technologies, Inc.