Teradyne Completes Sale of Software Test Unit

Business Wire, Jan 8, 2001

Business Editors

BOSTON--(BUSINESS WIRE)--Jan. 8, 2001

Teradyne (NYSE: TER) completed the sale of a controlling interest of its software test group, previously announced in September 2000, to an investor group led by Matrix Partners of Waltham, Massachusetts. Teradyne retains an ownership position in the new company, now called Empirix. Terms were not announced.

About Teradyne

Teradyne is the world's largest supplier of automatic test equipment, related software and high performance backplanes for the electronics and telecommunications industries. 1999 sales were $1.8 billion and there are currently more than 10,000 Teradyne employees worldwide. Teradyne products are used to test semiconductors, circuit assemblies, telephone lines, networks, computerized telephone systems, and software. Teradyne's backplane assemblies and high-density connectors are used in high-performance electronic systems in communications and computing. More than 70% of the company's business is being driven by Internet growth.

About Empirix

Empirix develops and markets innovative testing and monitoring products for business-critical Web and voice applications. Its portfolio of software technologies ensures that e-business and networked systems provide high-quality, robust, and reliable service to customers and partners alike. Formed by the combination of Hammer Technologies and RSW Software and funded by Matrix Partners, Empirix currently delivers and supports products and services to more than 1,200 customers worldwide, including leading telcos, call centers, Fortune 1000 organizations, switch manufacturers and major dot.coms. Empirix is headquartered in Waltham, Massachusetts and has offices in Europe, Asia-Pacific and Japan. For more information, visit Empirix on the Web at www.empirix.com.