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PDF Solutions buys Triant for $1.75 million
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PDF Solutions is to acquire Triant Holdings for $1.75 million in cash, which includes existing customer contracts, technologies and employees. Applied Materials had acquired a 12.5 percent equity in Triant Technologies for an investment of $2.2 million in 1999. Triant is known for its fault detection software technology.
"Triant has earned the trust and respect of leading semiconductor, flat panel display, and wafer manufacturers, particularly in Asia. PDF will inherit these customer relationships and technical capabilities, and work to build upon this foundation of quality, trust and service," stated John Kibarian, chief executive officer of PDF Solutions.
The transaction is expected to close by the end of September, 2008.