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Keysight Technologies Acquires Quantum Benchmark For Undisclosed Sum

Keysight Technologies Inc (NYSE: KEYS) announced the acquisition of quantum computing software Quantum Benchmark. The financial terms of the transaction were…
byAnusuya Lahiri
May 25, 2021
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  • Keysight Technologies Inc (NYSE: KEYS) announced the acquisition of quantum computing software Quantum Benchmark.
  • The financial terms of the transaction were not disclosed.
  • The addition of Quantum Benchmark to Keysight’s portfolio will help to offer unique capabilities for solving complex qubit error and validation challenges, Keysight President Kailash Narayanan said.
  • Quantum Benchmark marks Keysight’s third quantum space acquisition after Signadyne in 2016 and Labber Quantum in 2019.
  • Keysight held $2 billion in cash and equivalents as of April 30, 2021.
  • Price action: KEYS shares traded lower by 0.58% at $139.99 on the last check Tuesday.
  • Related content: Benzinga’s Full Merger and Acquisition (M&A) Calendar
 
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