Analog Devices Adds Cybersecurity Software and Services Capabilities across Its Portfolio with New Acquisition
18 Agosto 2016 - 9:00AM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI) today announced the
acquisition of the Cyber Security Solutions (CSS) business of
Sypris Electronics LLC. This acquisition represents a significant
leap forward in ADI’s ability to deliver secure high-performance
analog solutions demanded by current and future market needs.
The CSS business of Sypris Electronics, LLC is well-known as a
leader in secure system and software products and technology. For
more than 50 years, Sypris has built a proven track record of
delivering high-assurance information security services to the
world’s most demanding customers, including military and government
organizations needing to protect against sophisticated nation-state
level threats and attacks. With this transaction, ADI enhances its
aerospace and defense capabilities in the area of secure radio
communications, bolsters its portfolio of system hardware and
software-based cryptographic technologies, and adds a cybersecurity
software and services business that supports our ability to offer
more comprehensive high-performance analog solutions across
multiple market segments such as Internet of Things (IoT),
industrial, automotive, and more.
- Find more information on ADI in
Aerospace and Defense:
http://www.analog.com/en/applications/markets/aerospace-and-defense-pavilion-home.html
- Discover how ADI is enabling the
Internet of Things: http://www.analog.com/iot
“We are delighted to add the experience, expertise, and
technologies of the CSS team to the ADI family,” said Dick Meaney,
ADI Senior Vice President, Industrial, Healthcare and Consumer
Group. “With this acquisition, we have accelerated our ability to
offer our customers trust ‘from the sensor to the cloud’ through
next-generation cyber-physical security solutions. The competencies
and offerings of the CSS business are a great complement to our
Internet of Things (IoT) solutions, as security increasingly
becomes paramount to the success of IoT implementations.”
The CSS team will remain in its current locales of Tampa,
Florida and West Lafayette, Indiana and form the core of ADI’s new
Secure Technology Group (STG), to be led by John Walsh, former
president of Sypris Electronics, LLC.
“The CSS team is very proud to become part of Analog Devices,”
said Walsh. “The combination of ADI and the CSS business provides
the unique opportunity to ‘change the game’ in security at the
cyber-physical layer. The integration of our technologies and core
competencies will allow us to enable greater trust in the
underpinnings of our more and more connected world.”
About Analog Devices
Analog Devices designs and manufactures semiconductor products
and solutions. We enable our customers to interpret the world
around us by intelligently bridging the physical and digital with
unmatched technologies that sense, measure and connect. Visit
http://www.analog.com.
This release may be deemed to contain forward-looking statements
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, our
statements regarding expected benefits of our acquisition of the
CSS Business of Sypris Electronics LLC, expected advances in our
technology and product development efforts, including in the IoT,
automotive and aerospace and defense market segments, and expected
benefits and future development of the acquired security technology
and solutions, that are based on our current expectations, beliefs,
assumptions, estimates, forecasts, and projections about the
industry and markets in which Analog Devices operates. The
statements contained in this release are not guarantees of future
performance, are inherently uncertain, involve certain risks,
uncertainties, and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expressed in such forward-looking statements, and such
statements should not be relied upon as representing Analog
Devices’ expectations or beliefs as of any date subsequent to the
date of this press release. Important factors that could cause
actual results to differ materially from the results described,
implied or projected in any forward-looking statements include:
higher than expected or unexpected costs associated with or
relating to the transaction; the expected benefits, synergies and
prospects of the transaction may not be achieved in a timely
manner, or at all; the acquired business or technologies may not be
successfully integrated with ADI’s following the closing;
difficulty or delay in the design, development, production and
marketing of the acquired technologies and products; and other risk
factors described in our most recent filings with the Securities
and Exchange Commission. We do not undertake any obligation to
update forward-looking statements made by us.
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version on businesswire.com: http://www.businesswire.com/news/home/20160818005138/en/
Analog Devices, Inc.Linda Kincaid,
781-937-1472linda.kincaid@analog.comorPorter Novelli, Inc.Andrew
MacLellan, 617-897-8270andrew.maclellan@porternovelli.com
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