Keysight
{{short description|American technology company}}
{{Infobox company
| name = Keysight Technologies, Inc.
| logo = File:Keysight Logo.svg
| type = Public
| traded_as = {{Unbulleted list|{{New York Stock Exchange|KEYS}}|S&P 500 component}}
| predecessors = Electronic test and measurement division of HP and later Agilent Technologies
| foundation = {{start date and age|2014}}
| founder =
| location = {{Nowrap|Santa Rosa, California, U.S.{{cite web|title=Form 10-12B, Registration of securities, for SEC Accession No. 0001047469-14-001833|publisher=US Securities and Exchange Commission|date=2014-03-05|url=https://www.sec.gov/Archives/edgar/data/1601046/000104746914001833/0001047469-14-001833-index.htm|access-date=19 December 2014}}}}
| key_people = Ron Nersesian (chairman)
Satish Dhanasekaran (CEO & president)
| industry = {{Unbulleted list|Electronics}}
| products = {{Unbulleted list|Electronic measurement equipment}}
| revenue = {{decrease}} {{US$|4.98 billion|link=yes}} (2024)
| operating_income = {{decrease}} {{US$|833 million}} (2024)
| net_income = {{decrease}} {{US$|614 million}} (2024)
| assets = {{increase}} {{US$|9.27 billion}} (2024)
| equity = {{increase}} {{US$|5.11 billion}} (2024)
| num_employees = 15,500
| num_employees_year = 2024
| divisions = {{Unbulleted list|PathWave Design|PathWave Test|oscilloscopes|vector network analyzers|modular instruments|field instruments|bench instruments}}
| website = {{URL|keysight.com}}
| footnotes = Financials {{As of|2024|10|31|lc=y|df=US}}.{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1601046/000160104624000159/keys-20241031.htm |title=Keysight Technologies, Inc. FY 2024 Annual Report (Form 10-K) |date=December 17, 2024 |publisher=U.S. Securities and Exchange Commission}}
}}
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.{{cite web |date=17 November 2014 |title=Keysight Technologies Fact Sheet |url=http://about.keysight.com/en/companyinfo/Keysight_FactSheet.pdf |access-date=19 December 2014 |publisher=Keysight}}{{cite web |date=7 January 2014 |title=Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company |url=http://www.agilent.com/about/newsroom/presrel/2014/07jan-gp14001.html |access-date=19 December 2014 |publisher=Agilent|archive-url=https://web.archive.org/web/20191208020546/https://www.agilent.com/about/newsroom/presrel/2014/07jan-gp14001.html|archive-date=8 December 2019}} 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.
Products
Keysight's products include hardware and software for benchtop, modular, and field instruments.{{Cite news
| title = After spin-off, Keysight strikes out on its own
| author = Kelly Hill
| work = RCR Wireless News
| date = December 9, 2014
| access-date = 2015-01-03
| url = http://www.rcrwireless.com/20141209/test-and-measurement/keysight-spin-off-tag6
| quote = ... high-performance instrumentation approach for benchtop equipment ... also has been adding to its modular portfolio ... as well as portable testing products ...
}} 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.{{Cite web|url=https://about.keysight.com/en/newsroom/pr/2014/07jan-gp14001.shtml|title=Keysight News Archive {{!}} Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company {{!}} Keysight Press Release|date=2014-01-07|website=about.keysight.com|language=en-US|access-date=2018-10-19}} In addition, it produces electronic design automation (EDA) software (PathWave Design division).{{cite web|url=https://www.keysight.com/us/en/products/design-software.html|title=Circuit Design Software|last=Keysight|website=Keysight}} It mainly serves the telecommunications, aerospace/defense, industrial, computer, and semiconductor industries.{{Cite journal
|url = http://www.microwavejournal.com/articles/23641-keysight-technologies-reborn
|title = Keysight Technologies: Reborn
|last1 = Hindle
|first1 = Patrick
|last2 = Lerude
|first2 = Gary
|date = January 14, 2015
|journal = Microwave Journal
|access-date = 2015-01-15
}}
History
=Acquisitions=
Keysight acquired British electronic measurement instrument maker Anite in 2015 for £388 million ($607 million).{{Cite news |url=https://www.reuters.com/article/business/keysight-technologies-to-buy-uks-anite-in-607-million-deal-idUSKBN0OX0I4/ |title=Keysight Technologies to buy UK's Anite in $607 million deal |date=June 17, 2015 |publisher=Reuters |access-date=September 20, 2024}} In 2017, Keysight acquired data technology company Ixia for about $1.6 billion in cash.{{Cite news |date=January 30, 2017 |title=Keysight Technologies to buy Ixia for $1.6 billion |language=en |publisher=Reuters |url=https://www.reuters.com/article/us-ixia-m-a-keysight-tech-idUSKBN15E17F |access-date=March 30, 2024}}{{Cite press release |title = Keysight Technologies Announces Closing of Acquisition of Ixia |publisher=Keysight |date=April 18, 2017 |access-date=March 30, 2024 |url=http://about.keysight.com/en/newsroom/pr/2017/18apr-nr17032.shtml}} The company acquired British software testing company Eggplant Software from The Carlyle Group for $330 million in 2020.{{Cite news |last=Kellaher |first=Colin |date=June 25, 2020 |title=Keysight Technologies Acquires Eggplant From Carlyle Group |url=https://www.wsj.com/articles/keysight-technologies-acquires-eggplant-from-carlyle-group-11593104985 |work=The Wall Street Journal |access-date=September 20, 2024}} 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.{{Cite news |url=https://www.reuters.com/markets/deals/keysight-buy-french-software-firm-esi-group-nearly-1-bln-2023-06-29/ |title=Keysight to buy French software firm ESI Group for nearly $1 billion |date=June 28, 2023 |publisher=Reuters}} In 2024, Keysight outbid Viavi Solutions to acquire British telecommunications testing company Spirent for $1.5 billion.{{cite news|url=https://www.reuters.com/markets/deals/keysight-agrees-buy-britains-spirent-15-bln-2024-03-28/|title=Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion|date=March 29, 2024|publisher=Reuters}}
=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.{{cite news |last=Forrester |first=Brett |date=August 9, 2021 |title=State Department Fines Radar Company for Unauthorized Exports to China, Russia |url=https://www.wsj.com/articles/state-department-fines-radar-company-for-unauthorized-exports-to-china-russia-11628531273 |access-date=July 28, 2022 |work=The Wall Street Journal}}{{Cite web |title=Keysight Technologies Inc.: Quarterly Report for Quarter Ending APRIL 30, 2024 (Form 10-Q) - MoneyController (ID 2214610) |url=https://www.moneycontroller.de/finanznachrichten/keysight-technologies-inc/quarterly-report-for-quarter-ending-april-30-2024-form-10-q-2214610 |access-date=2025-02-10 |website=www.moneycontroller.de |language=de}}{{cite news |last=Swindell |first=Bill |date=August 16, 2021 |title=Keysight Technologies penalized $6.6 million after exporting unauthorized software |url=https://www.pressdemocrat.com/article/north-bay/keysight-technologies-penalized-6-6-million-after-exporting-unauthorized-s/ |access-date=July 27, 2022 |work=The Press Democrat}}
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.{{cite web | url=https://www.fastcompany.com/90666225/pushing-the-limits-of-tech-measurement | title=Pushing the limits of tech measurement | date=17 August 2021 }}
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.{{Cite web
| title = Frost & Sullivan Lauds Keysight Technologies for Maintaining its Lead in the Instrumentation Software Market
| work = Frost & Sullivan
| date = December 3, 2014
| access-date = 2015-01-03
| url = http://ww2.frost.com/news/press-releases/frost-sullivan-lauds-keysight-technologies-maintaining-its-lead-instrumentation-software-market/
| quote = Investing over 12% of its revenues in R&D, resulting into $365 million in its last fiscal year (2013), has led to the company's success, enabling it to introduce new software meeting evolving end-user technologies.
| archive-url = https://web.archive.org/web/20150110064947/http://ww2.frost.com/news/press-releases/frost-sullivan-lauds-keysight-technologies-maintaining-its-lead-instrumentation-software-market
| archive-date = January 10, 2015
| url-status = dead
}}{{Primary source inline|date=February 2024}}
In recent years, Keysight received a ranking of #46 on Forbes list of “American’s Best Midsize Companies.”
Keysight was recently ranked #46 on Fortune's 2022 100 Best Companies to Work for.{{Cite web |title=100 Best Companies to Work For |url=https://fortune.com/best-companies/2022/ |access-date=2022-07-20 |website=Fortune |language=en}}
References
{{Reflist}}
External links
- {{Official website|https://www.keysight.com/}}
{{Finance links
| name = Keysight Technologies
| google = KEYS
| symbol = KEYS
| sec_cik = 1601046
| bloomberg = KEYS:US
| yahoo = KEYS
}}
- [http://www.rcrwireless.com/20140822/test-and-measurement/top-10-test-measurement-companies-revenue-tag6 Top 12 public test and measurement companies by revenue]
- [http://www.northbaybusinessjournal.com/98195/best-places-to-work-2014-keysight-technologies/ New Keysight CEO kicks electronic measurement company into overdrive] {{Webarchive|url=https://web.archive.org/web/20150227103245/http://www.northbaybusinessjournal.com/98195/best-places-to-work-2014-keysight-technologies/ |date=2015-02-27 }}
{{Agilent}}
{{HP}}
{{Oscilloscopes}}
{{Authority control}}
Category:Electronics companies established in 2014
Category:American companies established in 2014
Category:Companies listed on the New York Stock Exchange
Category:Electronic test equipment manufacturers
Category:Electronics companies of the United States
Category:Instrument-making corporations
Category:Power supply manufacturers
Category:Manufacturing companies based in the San Francisco Bay Area