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Measurement tool maker and test software publisher Keysight Technologies has announced the acquisition of Eggplant, a specialist in digital automation intelligence.
Eggplant is a provider of software test automation platforms that uses artificial intelligence (AI) and analytics to automate test creation and execution. Eggplant's digital automation platform can test any technology on any device, operating system or browser, at any layer, from user interface (UI) to application programming interfaces. 'applications (API) and the database.
With the current digital revolution, the content and value of software has grown exponentially. Intelligent and interconnected products are made possible by millions of lines of code. Businesses need to accelerate their digital transformation to stay competitive and relevant, while continuing to support legacy platforms. The ever-increasing scale and breadth of testing required for digital products is increasing complexity and therefore time to market. By using artificial intelligence and analytics to automate testing, Eggplant helps improve the speed of software application development and increase quality, resulting in competitive advantage and differentiation. The company's customers cover a wide range of industries that overlap with Keysight's existing customer base while expanding software testing opportunities into new end markets.
The combination of Keysight and Eggplant brings together two complementary companies to create an innovative force in the market for automated software testing through the physical and protocol layers and in the application layers. The acquisition allows for a two-way leverage of measurement technologies between the two companies, which translates into an increased differentiation of the solutions in the extended offer.
“As a recognized leader and trusted advisor in the design and testing of Layers 1-7, Keysight is excited to add Eggplant's testing capabilities for the software application layer, which aligns with our strategy. aiming to develop our first software-centric solutions in the market , said Ron Nersesian, President and CEO of Keysight. We are thrilled to welcome the Eggplant team to the Keysight family and look forward to working together in the growing market of intelligent software testing with differentiated SaaS technologies. "
“By joining forces with Keysight, Eggplant is able to evolve its intelligent automation platform and reach more businesses around the world,” said Dr. John Bates, CEO of Eggplant. We share a common vision to accelerate innovation and together we will be able to help customers in their digital transformation process. We are proud of what we have achieved through the contributions of our employees and partners, and we are excited to begin this next chapter. "
This transaction is valued at US $ 330 million. Eggplant reported 2019 revenues of $ 38 million and its CEO, John Bates, will join the Keysight management team, reporting to Soon Chai Gooi, president and chairman of Keysight's Electronic Industrial Solutions Group. Technologies.
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