- Keysight pointed out towards the acquisition as a part of strategy to grow its first-to-market software-centric solutions
- The transaction is valued at US $330 million
Keysight Technologies announced that it has completed the acquisition of Eggplant from The Carlyle Group. Eggplant is a software test automation platform provider that uses artificial intelligence (AI) and analytics to automate test creation and test execution.
“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. 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,” said Ron Nersesian, Keysight chairman and CEO.
This transaction is valued at US $330 million. Eggplant had 2019 revenue of US $38 million. Its CEO, John Bates, will join the Keysight leadership team reporting to Soon Chai Gooi, president of Keysight’s Electronic Industrial Solutions Group.
Targeting automated software test market
The acquisition, as per Keysight, enables bi-directional leverage of measurement technologies between both companies, resulting in increased solution differentiation in the expanded offering.
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.
“Joining forces with Keysight gives Eggplant the ability to scale our intelligent automation platform and reach more organizations across the globe. 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,” said Dr. John Bates, CEO of Eggplant.