Agilent Technologies Completes Acquisition of Eagleware-Elanix, a Leading Provider of High-Frequency EDA Software
PALO ALTO, Calif.—(BUSINESS WIRE)—Aug. 18, 2005—
Agilent Technologies Inc. (NYSE:A) today announced it
has completed the acquisition of privately held Eagleware Corp., which
does business as Eagleware-Elanix. Agilent and Eagleware-Elanix, a
leading provider of system and circuit design software for the
communications industry, had announced an acquisition agreement July
28. Financial details were not disclosed.
Eagleware-Elanix employees have joined Agilent's EEsof division,
which is a leader in the high-frequency electronic design automation
(EDA) market, especially in high-end tools. Eagleware-Elanix is noted
for products that are easy to use and for its technological leadership
in tools for high-frequency design synthesis. The companies' product
lines are complementary.
"In comparing the records of both companies, it is clear that a
large number of customers have a mix of both Agilent and Eagleware
product lines," said Jim McGillivary, Agilent EEsof's general manager
and vice president. "This validates our strategy of continuing to
offer both product lines, as they are definitely serving two different
needs. In particular, the Eagleware products are highly regarded in
the market as easy-to-use, cost-effective native PC software suites.
We have no intention of changing this."
"Eagleware-Elanix is an employee-owned company, and my discussions
with our employees over the past week have shown overwhelming support
for this acquisition," said Todd Cutler, president and CEO of
Eagleware-Elanix. "A key benefit of the deal is that our GENESYS and
ADS customers will see innovations from the combined resources of both
companies."
New Eagleware-Elanix GENESYS Release To Ship Soon
Consistent with a smooth transition, Eagleware-Elanix also
announced it is on schedule to ship the GENESYS 2005 suite of products
to its installed base of customers. This is the company's most
significant new release in several years. The new version includes
WhatIF (a new frequency-planning tool); CAYENNE (a new time domain
simulator); MIXER (a new synthesis module); enhancements to the
linear, nonlinear, and system architecture simulators; new models; and
a revamped user interface that sets an uncompromising standard for
ease-of-use.
Eagleware-Elanix, established in 1985, has thousands of customers
worldwide. The company provides system and circuit design software
that leads in providing power, speed and accuracy to developers of
communication products. Engineers worldwide rely on Eagleware-Elanix
tools in the design of cellular telephones, radar systems, cable TV
systems, satellite communications systems, mobile base-station
equipment, Radio Frequency Identification (RFID) devices, and wireless
networking products.
Eagleware-Elanix is headquartered in Norcross, Ga. Further
information about Eagleware-Elanix and its products is available at
www.eagleware.com.
Agilent EEsof EDA, a division within Agilent, is the leading
supplier of high-frequency Electronic Design Automation (EDA)
software. Products include solutions for device modeling, circuit
simulation, electromagnetic simulation, and system simulation. These
software products are used in the design of the majority of the
world's wireless communication devices. Information about Agilent's
EDA tools is available on the Web at www.agilent.com/find/eesof.
About Agilent Technologies
Agilent Technologies Inc. (NYSE:A) is the world's premier
measurement company and a technology leader in communications,
electronics, life sciences and chemical analysis. The company's 28,000
employees serve customers in more than 110 countries. Agilent had net
revenue of $7.2 billion in fiscal year 2004. Information about Agilent
is available on the Web at www.agilent.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and is subject to the safe
harbors created therein. The forward-looking statements contained
herein include, but are not limited to, information regarding
Agilent's acquisition of the Eagleware-Elanix business and assets (the
"Closing"); the business of Agilent following the Closing; the
combined product portfolio of Agilent and Eagleware-Elanix following
the Closing; and Agilent's willingness and ability to develop and
support Eagleware-Elanix's products following the Closing. These
forward-looking statements involve risks and uncertainties that could
cause Agilent's results to differ materially from management's current
expectations. Such risks and uncertainties include, but are not
limited to risks associated with the ability to successfully integrate
the Eagleware-Elanix business and assets into Agilent's business;
risks associated with changes in demand for Agilent's and Eagleware's
products and risks associated with the development generally of
Agilent's overall strategic objectives.
In addition, other risks that Agilent faces in running its
operations include the ability to execute successfully through
business cycles while it continues to implement cost reductions; the
ability to meet and achieve the benefits of its cost-reduction goals
and otherwise successfully adapt its cost structures to continuing
changes in business conditions; ongoing competitive, pricing and gross
margin pressures; the risk that our cost-cutting initiatives will
impair our ability to develop products and remain competitive and to
operate effectively; the impact of geopolitical uncertainties on our
markets and our ability to conduct business; the ability to improve
asset performance to adapt to changes in demand; the ability to
successfully introduce new products at the right time, price and mix
and other risks detailed in Agilent's filings with the Securities and
Exchange Commission, including our Quarterly Report on Form 10-Q for
the period ended April 30, 2005. Forward-looking statements are based
on the beliefs and assumptions of Agilent's management and on
currently available information. Agilent undertakes no responsibility
to publicly update or revise any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and
executive news is available on the Agilent news site at
www.agilent.com/go/news.
Contact:
Agilent Technologies
Michele Drake, 650-752-5296 (for Agilent Corporate)
Email Contact
Craig Schmidt, 970-679-2539 (for Agilent EEsof)
Email Contact
|
Be the first to review this article
