Keysight

Last updated
Keysight Technologies, Inc.
Company type Public
Industry Electronics
PredecessorsElectronic test and measurement division of HP and later Agilent Technologies
Founded2014;11 years ago (2014)
Headquarters Santa Rosa, United States [1]
Key people
Ron Nersesian, chairman
Satish Dhanasekaran,
President and CEO [2]
ProductsElectronic measurement equipment
RevenueDecrease2.svg US$4.98 billion (2024)
Decrease2.svgUS$833 million (2024)
Decrease2.svgUS$614 million (2024)
Total assets Increase2.svgUS$9.27 billion (2024)
Total equity Increase2.svgUS$5.11 billion (2024)
Number of employees
15,500 (2024)
Divisions
  • PathWave Design
  • PathWave Test
  • oscilloscopes
  • vector network analyzers
  • modular instruments
  • field instruments
  • bench instruments
Website keysight.com
Footnotes /references
Financials as of October 31,2024. [3]

Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. 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 and Measurement division. Its name is a portmanteau of key and insight. [2] [4]

Contents

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

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 $US1.6 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] That June, the US Department of Justice required the company to divest three of Spirent's businesses, prior to closing the sale, due to antitrust concerns. [15] The sale is expected to complete by September 29, 2025. [16]

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, with the total amount then paid of $4.1 million. On May 3, 2024, Keysight submitted a letter to the DTCC certifying that it had implemented all aspects of the consent agreement and that the company's compliance program was adequate to identify, prevent, detect, correct, and report violations of the ITAR. [17] [18] [19]

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. [20]

Recognition

Keysight won the 2014 Global Frost & Sullivan award for market leadership with $300 million in instrumentation software revenue, with its R&D investment of 12% of revenue ($365 million in 2013) cited as an important factor. [21] [ non-primary source needed ]

Keysight was ranked #46th on Fortune 's 100 Best Companies to Work For list in 2022. [22]

Time ranked the company #127th of 500 on its Worlds Most sustainable Companies of 2025 list. [23]

References

  1. ↑ "Form 10-12B, Registration of securities, for SEC Accession No. 0001047469-14-001833". US Securities and Exchange Commission. 2014-03-05. Retrieved 19 December 2014.
  2. 1 2 "Keysight Technologies Fact Sheet" (PDF). Keysight. 17 November 2014. Retrieved 19 December 2014.
  3. ↑ "Keysight Technologies, Inc. FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. December 17, 2024.
  4. ↑ "Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company". Agilent. 7 January 2014. Archived from the original on 8 December 2019. Retrieved 19 December 2014.
  5. ↑ Kelly Hill (December 9, 2014). "After spin-off, Keysight strikes out on its own". RCR Wireless News. Retrieved 2015-01-03. ... high-performance instrumentation approach for benchtop equipment ... also has been adding to its modular portfolio ... as well as portable testing products ...
  6. ↑ "Keysight News Archive | Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company | Keysight Press Release". about.keysight.com. 2014-01-07. Retrieved 2018-10-19.
  7. ↑ Keysight. "Circuit Design Software". Keysight.
  8. ↑ Hindle, Patrick; Lerude, Gary (January 14, 2015). "Keysight Technologies: Reborn". Microwave Journal. Retrieved 2015-01-15.
  9. ↑ "Keysight Technologies to buy UK's Anite in $607 million deal". Reuters. June 17, 2015. Retrieved September 20, 2024.
  10. ↑ "Keysight Technologies to buy Ixia for $1.6 billion". Reuters. January 30, 2017. Retrieved March 30, 2024.
  11. ↑ "Keysight Technologies Announces Closing of Acquisition of Ixia" (Press release). Keysight. April 18, 2017. Retrieved March 30, 2024.
  12. ↑ Kellaher, Colin (June 25, 2020). "Keysight Technologies Acquires Eggplant From Carlyle Group". The Wall Street Journal. Retrieved September 20, 2024.
  13. ↑ "Keysight to buy French software firm ESI Group for nearly $1 billion". Reuters. June 28, 2023.
  14. ↑ "Keysight outbids rival Viavi to buy UK's Spirent for $1.5 billion". Reuters. March 29, 2024.
  15. ↑ Stempel, Jonathan (2025-06-02). "US requires Keysight to divest tech assets before buying UK-based Spirent". Reuters. Retrieved 2025-08-13.
  16. ↑ Hennessey, Michael (2025-08-05). "Spirent first half revenue climbs but loss widens ahead of takeover | Alliance News". marketscreener.com. Retrieved 2025-08-14.
  17. ↑ Forrester, Brett (August 9, 2021). "State Department Fines Radar Company for Unauthorized Exports to China, Russia". The Wall Street Journal . Retrieved July 28, 2022.
  18. ↑ "Keysight Technologies Inc.: Quarterly Report for Quarter Ending APRIL 30, 2024 (Form 10-Q) - MoneyController (ID 2214610)". www.moneycontroller.de (in German). Retrieved 2025-02-10.
  19. ↑ Swindell, Bill (August 16, 2021). "Keysight Technologies penalized $6.6 million after exporting unauthorized software". The Press Democrat . Retrieved July 27, 2022.
  20. ↑ Works, Fastco (17 August 2021). "Pushing the limits of tech measurement". Fast Company.
  21. ↑ "Frost & Sullivan Lauds Keysight Technologies for Maintaining its Lead in the Instrumentation Software Market". Frost & Sullivan. December 3, 2014. Archived from the original on January 10, 2015. Retrieved 2015-01-03. 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.
  22. ↑ "100 Best Companies to Work For". Fortune. Retrieved 2022-07-20.
  23. ↑ "World's Most Sustainable Companies of 2025". TIME. Retrieved 2025-08-13.
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