ASSET acquires ITT
ASSET announced on December 3, 2007 that it had acquired International Test Technologies (ITT) of County Donegal, Ireland, a supplier of processor emulation technology. Three years ago, the two companies formed a strategic relationship involving the collaborative development of ASSET’s Extended JTAG Coverage product. This system integrated ITT’s MicroMaster processor emulation technology into the ScanWorks boundary-scan environment.
The acquisition brings together the complementary technologies of ASSET and ITT, and furthers the convergence of ASSET’s JTAG-based structural test technology and ITT’s functional testing capabilities.
“The synergy that we have developed over the last three years has genuinely benefited our users and each of our two companies,” said Glenn Woppman, president and CEO of ASSET. “With our integrated product platform, we’ve been able to offer users more test coverage than they could achieve with either ScanWorks or ITT’s MicroMaster on its own. Now, as we move forward as one company,  we will take the expertise we’ve acquired together and apply it in emerging areas like embedded test functionality and instrumentation, as well as design validation of high-speed serial buses. In a certain sense, ITT’s processor-based emulation functionality is another type of embedded instrumentation technology.”
Said Billy Fenton, CEO of ITT, “Over the last several years of working closely with ASSET, we’ve had the opportunity to observe the quality of the organization and its people. We are very excited about joining forces with a company like ASSET because we know that this will benefit our customers tremendously. Working together has given us the opportunity to realize how much more effective our two companies can be as one. When it comes to the future of test and the increasing importance of embedded test, we share a common vision and we look forward to making that vision a reality in the very near future.”
 The terms of the acquisition agreement between ASSET and ITT were not disclosed.
“As a user of the combined ASSET/ITT system, ScanWorks Extended JTAG Coverage, we have seen firsthand how effective a convergence of structural boundary scan test and functional processor emulation test can be,” said Andrew Corbett, Managing Director, Ashgill Electronics. “I believe this acquisition by ASSET bodes well for continuing this convergence. I suspect we’ll see some exciting products from ASSET as the expertise of these two companies comes under the same roof.” |
