Agilent Technologies has named its upcoming spin-off company Verigy, effective when it separates from Agilent in mid-2006.

Agilent said the name is built from the Latin prefix “veri-“ which is the root of “verification” and tus ties the name to the test business.  The “-gy” suffix comes from combining “-logy” as in the name of sciences or bodies of knowledge. 

"Verigy is emerging from a powerful historical lineage, a direct line from both Hewlett-Packard's standards of integrity and innovation and Agilent's premier measurement business," said Jack Trautman, president of Agilent's Semiconductor Test Solutions business, in a statement. "This name captures the spirit of our spin-off organization -- proven, responsive, energetic, innovative."

In August 2005 Agilent announced a plan to spin off its Semiconductor Test Solutions (STS) business, comprised of both the system-on-chip and system-in-package (SOC/SIP) and memory test market areas. STS is slated to become a new automated test company. The spin-off is expected to take place as soon as practical in 2006, Agilent said, after first carving out the STS business from Agilent.

Agilent's target is to complete an initial public offering of Verigy near mid-2006, and to complete the spin-off of Verigy by the end of October 2006.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved