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.
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.
Bangalore, June 26, 2020