Keysight Technologies has completed the acquisition of Eggplant from The Carlyle Group for $330 Million. 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 are 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 the strategy to grow their first-to-market software-centric solutions. They’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 its intelligent automation platform and reach more organizations across the globe. They share a vision to accelerate innovation and together will be able to help customers on their digital transformation journey. They’re proud of what they’ve accomplished through their employee's and partners' contributions and are excited about this next chapter.
This transaction is valued at $330 million. Eggplant had revenues of US $38 million in 2019 and its CEO, John Bates, will join the Keysight leadership team reporting to Soon-Chai Gooi, president of Keysight’s Electronic Industrial Solutions Group.