Agilent Technologies Completes Acquisition of Eagleware-Elanix, a Leading Provider of High-Frequency EDA Software
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PALO ALTO, Calif., 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.
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NOTE TO EDITORS: Further technology, corporate citizenship and executive news is available on the Agilent news site at www.agilent.com/go/news.
Caroline MelnicoffNEWS RELEASE:
EDITORIAL CONTACTS: PREP05088
Michele Drake, Agilent Corporate
+1 650 752 5296
michele_drake@agilent.com
Craig Schmidt, Agilent EEsof
+1 970 679 2539
craig_schmidt@agilent.com
Agilent Technologies Completes Acquisition of Eagleware-Elanix, a Leading Provider of High-Frequency EDA Software
PALO ALTO, Calif., 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.
Caroline Melnicoff
Tel: 650-324-8819
Fax: 650-327-8213
405 El Camino Real # 602
Menlo Park, CA 94025
Tel: 650-324-8819
Fax: 650-327-8213
405 El Camino Real # 602
Menlo Park, CA 94025
