Keysight Technologies Acquires Quantum Benchmark For Undisclosed Sum

Keysight Technologies Inc 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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