Agilent Technologies Signs Agreement to Acquire Xpedion Design Systems, a Leading Provider of RFIC Simulation and Verification Software.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. & MILPITAS, Calif. -- Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. (NYSE NYSE See: New York Stock Exchange :A) and Xpedion Design Systems, Inc. today announced they have signed a definitive agreement for Agilent to acquire Xpedion, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that provides software for wireless and high-speed digital circuit and systems design in the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. . The transaction is subject to standard closing conditions. Financial details were not disclosed. The combined passion, technology and capabilities of these industry-leading companies will drive innovation and continue to solve the challenging problems faced by radio frequency integrated circuit (RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip ) designers. These challenges are now more evident than ever as consumer-oriented RFICs have moved to RF CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. technology with higher integration, requiring more complete verification methodologies. Xpedion is recognized as a leading solution provider for RF CMOS verification and design for manufacturing. "Increasingly, designers are finding that their high-performance RFIC designs are under-characterized," said Jim McGillivary, vice president and general manager of Agilent's EEsof EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. division. "The result is too many foundry turns and poor yield. Agilent is recognized as the leader in RF design and simulation, with proven breadth and depth. By adding Xpedion's products to our portfolio, we will be able to increase our emphasis on Design Verification and DFM DFM Design for Manufacturing (newsletter) DFM Design for Manufacturability DFM Dubai Financial Market DFM Delphi Form (computer filename extension) DFM Distinguished Flying Medal DFM Diesel Fuel Marine , giving our customers an indispensable design flow covering RFIC design, Design Verification and DFM." "Xpedion's outstanding development team will give Agilent an unbeatable, world-class group of scientists committed to innovation," said Larry Lerner, R&D manager at Agilent's EEsof EDA Division. "Xpedion's and Agilent EEsof's combined technologies are used by almost all key companies designing RFICs," said Pete Rodriguez, Xpedion chief executive officer. "We are pleased to join forces with Agilent because of our shared vision to provide innovative solutions and unparalleled support." About Xpedion Design Systems, Inc. Xpedion Design Systems, Inc. is a leader in advanced RFIC simulation technology. Its GoldenGate product enables RFIC designers to analyze their designs at the transistor level faster and more accurately. The benefits are measured in shorter design cycles, reduced silicon spins and higher-performing products. Xpedion is a member of the Ready for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Technology Program, Cadence Connections Program, the Mathworks Connections Program and the Platform Partners Program, and is a Sun Microsystems development partner. Xpedion's products are also available on the Red Hat Linux Red Hat Linux, assembled by Red Hat, was a popular, "middle-aged" Linux distribution (not as old as Slackware but older than Ubuntu) upon its discontinuation in 2004.[1] Red Hat Linux 1.0 was released on November 3, 1994. operating system. More information about Xpedion Design Systems, Inc. is available at www.xpedion.com. 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 20,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.1 billion in fiscal year 2005. 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 the completion of Agilent's proposed acquisition of Xpedion's business and assets (the "Closing"), Agilent's Design Verification and DFM business and design flow covering RFIC design, Design Verification and DFM, the combined product portfolio of Agilent and Xpedion following the Closing, the ability of Agilent to meet certain strategic objectives, the expectation that Xpedion scientists will join Agilent, and Agilent's willingness and ability to develop and support Xpedion'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 effectuate the acquisition on a timely basis, risks associated with changes in demand for Agilent's and Xpedion'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; ongoing competitive, pricing and gross margin pressures; the impact of geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. 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 Form 10-Q See 10-Q. for the period ended April 30, 2006. 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 Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while and executive news is available on the Agilent news site at www.agilent.com/go/news. |
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