|By Business Wire||
|January 7, 2014 12:30 PM EST||
Agilent Technologies Inc. (NYSE: A) today revealed the name of the electronic measurement company it expects to spin off in early November 2014 as Keysight Technologies.
The name Keysight conveys the ability to see what others cannot, offering the critical or key insights to understand and unlock the changing technology landscape. The new company’s tagline, “unlocking measurement insights for 75 years,” commemorates the 1939 birth of the original Hewlett-Packard Company, from which Keysight originated.
“Keysight reflects our rich heritage—a direct line from both Hewlett-Packard’s standards of integrity and innovation and Agilent’s premier measurement business,” said Ron Nersesian, president and CEO of Keysight.
“This name captures the spirit of our organization—innovative, insightful and forward-looking,” said Nersesian, who added, “While Keysight is built on ‘firsts’ dating back to the birth of Silicon Valley, as a new company we are committed to bringing our customers a new generation of firsts—unlocking insights for them so they can in turn bring a new generation of technologies into the world.”
Keysight will concentrate solely on the electronic measurement industry, focusing on its test and measurement customers. The business, currently a part of Agilent, is the world leader in test and measurement, holding the No. 1 position in its industry segments of wireless data ecosystem; aerospace and defense; and industrial, computers and semiconductors. The new company will include the entire portfolio of Agilent electronic measurement products and the largest sales and support team in the test and measurement industry.
Expected to become a standalone company in early November 2014, Keysight will be headquartered in Santa Rosa, Calif., and have approximately 9,500 employees in 30 countries.
The company’s website is www.keysight.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in chemical analysis, life sciences, diagnostics, electronics and communications. The company's 20,600 employees serve customers in more than 100 countries. Agilent had revenues of $6.8 billion in fiscal 2013. Information about Agilent is available at www.agilent.com.
On Sept. 19, 2013, Agilent announced plans to separate into two publicly traded companies through a tax-free spinoff of its electronic measurement business. The new company is named Keysight Technologies, Inc. The separation is expected to be completed in early November 2014.
NOTE TO EDITORS: Further technology, corporate citizenship and executive news is available at www.agilent.com/go/news.
Keysight Technologies at a Glance
Who We Are
The world leader in electronic test and measurement
Sept. 19, 2013 – Agilent announced plans to separate into two publicly traded companies through a tax-free spinoff of its electronic measurement company
Jan. 7, 2014 – Keysight Technologies revealed as name of new electronic measurement company
Aug. 1, 2014 – Keysight to become legal entity, wholly-owned subsidiary of Agilent
November 2014 – Keysight to separate from Agilent; stock distributed
The name Keysight is derived from two English words: key, meaning indispensable or essential, a means of access; and insight, meaning the power of seeing, having vision and perception. The name connotes seeing what others cannot, having the critical or key insight to understand and unlock the changing technology landscape.
“Unlocking measurement insights for 75 years” commemorates the birth of the original Hewlett-Packard Company, from which Agilent’s electronic measurement business originated.
Keysight’s symbol is a stylized waveform – the shape and form of a common electrical signal. The symbol represents the company’s 100 percent focus on electronic measurement once it separates from Agilent Technologies, as well as a tribute to its legacy that dates back to the beginning of the electronic measurement industry as the original Hewlett Packard Company.
The corporate signature’s colors are Keysight Red and Keysight Gray.
FY13 revenues forecast *: U.S. $2.9 billion
Number of Employees: 9,500
President and CEO: Ron Nersesian
Headquarters: Santa Rosa, Calif.
Key Markets and Rankings:
Keysight holds the #1 position in its industry segments of
Communications (wireless data)
Aerospace and defense
Industrial, computers and semiconductors
*FY13 numbers are estimates based on the midpoints of company guidance provided on Aug. 14, 2013. These are not confirmation of guidance.
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