Keysight
American technology company From Wikipedia, the free encyclopedia
Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The name is a blend of key and insight.[2][4] The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced from the late 1960s to the turn of the millennium by Hewlett-Packard's Test & Measurement division.
 | |
| Company type | Public |
|---|---|
| Industry |
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| Predecessors | Electronic test and measurement division of HP and later Agilent Technologies |
| Founded | 2014 |
| Headquarters | Santa Rosa, California, U.S.[1] |
Key people | Ron Nersesian (chairman) Satish Dhanasekaran (CEO & president)[2] |
| Products |
|
| Revenue | US$4.98 billion (2024) |
| US$833 million (2024) | |
| US$614 million (2024) | |
| Total assets | US$9.27 billion (2024) |
| Total equity | US$5.11 billion (2024) |
Number of employees | 15,500 (2024) |
| Divisions |
|
| Website | keysight |
| Footnotes / references Financials as of October 31, 2024[update].[3] | |
Products
Keysight's products include hardware and software for benchtop, modular, and field instruments.[5] Instruments include oscilloscopes, multimeters, logic analyzers, signal generators, spectrum analyzers, vector network analyzers, atomic force microscopes (AFM), automated optical inspection, automated X-ray inspection (5DX), in-circuit testers, power supplies, tunable lasers, optical power meters, wavelength-meters, electro-optic converters, optical modulation analyzers and handheld tools.[6] In addition, it produces electronic design automation (EDA) software (PathWave Design division).[7] It mainly serves the telecommunications, aerospace/defense, industrial, computer, and semiconductor industries.[8]
History
Summarize
Perspective
Acquisitions
Keysight acquired British electronic measurement instrument maker Anite in 2015 for £388 million ($607 million).[9] In 2017, Keysight acquired data technology company Ixia for about $1.6 billion in cash.[10][11] The company acquired British software testing company Eggplant Software from The Carlyle Group for $330 million in 2020.[12] From 2019 to 2021, the company focused on 5G, introducing advanced products such as the Infiniium UXR-Series oscilloscopes. In 2023, the company acquired France-based ESI Group for approximately $1 billion.[13] In 2024, Keysight outbid Viavi Solutions to acquire British telecommunications testing company Spirent for $1.5 billion.[14]
Controversies
On August 3, 2021, Keysight entered into a Consent Agreement with the Directorate of Defense Trade Controls, Bureau of Political-Military Affairs, Department of State ("DTCC") to resolve alleged violations of the Arms Export Control Act and the International Traffic in Arms Regulations ("ITAR"). Pursuant to the Consent Agreement, Keysight was assessed a penalty of $6.6 million to be paid over three years, $2.5 million of which was suspended and designated for remediation activities over three years, including employment of a special compliance officer. The suspended portion of the penalty was satisfied by amounts spent on qualifying compliance activities. On April 23, 2024, Keysight made the final payment on the penalty, bringing the total amount paid to $4.1 million. On May 3, 2024, Keysight submitted a certification letter to the DTCC certifying that it had implemented all aspects of the Consent Agreement and that the company’s compliance program is adequate to identify, prevent, detect, correct, and report violations of the ITAR.[15][16][17]
Research and development
From its launch in 2014 until 2020, Keysight increased its investment in R&D from approximately 12% to 16%, a percentage increase that represented almost a doubling of the investment in absolute dollars.[18]
Awards
Keysight won the 2014 Global Frost & Sullivan award for market leadership with $300 million in instrumentation software revenue. The citation states R&D investment of 12% of revenue ($365 million in 2013) as an important factor.[19][non-primary source needed]
In recent years, Keysight received a ranking of #46 on Forbes list of “American’s Best Midsize Companies.[6]”
Keysight was recently ranked #46 on Fortune's 2022 100 Best Companies to Work for.[20]
References
External links
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