PDF Solutions Buying secureWISE for $130M

Dow Jones02-19

By Paul Ziobro

PDF Solutions is buying secureWise, which provides secure, remote connectivity for the semiconductor manufacturing equipment industries, for $130 million in cash.

The seller is Telit IOT Solutions, PDF Solutions said Wednesday.

secureWise is used by over 100 equipment vendors, allowing them to connect and control their tools located in over 190 semiconductor fabs and to manage the exchange of multiple petabytes of data annually.

The purchase price is subject to customary purchase price adjustment and will be funded by a combination of cash on hand and $70 million in new bank debt. The deal is expected to close in the first quarter.

Chief Executive John Kibarian said that assuming the transaction closes on time, the company expects revenue to grow between 21% and 23% this year versus last.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

February 19, 2025 17:00 ET (22:00 GMT)

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