Benzinga | May 25, 2021 02:27PM EDT

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 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