Bangalore, August 18, 2016 —Analog Devices, Inc. (NASDAQ: ADI) today announced the acquisition of theCyber Security Solutions (CSS) business of Sypris Electronics LLC. This acquisition represents a significant leap forward in ADI’s ability to deliver securehigh-performance analog solutions demanded by current and future market needs.
The CSS business of Sypris Electronics, LLC is well-known as a leader in secure system and software products and technology. For more than 50 years, Sypris has built a proven track record of delivering high-assurance information security services to the world’s most demanding customers, including military and government organizations needing to protect against sophisticated nation-state level threats and attacks. With this transaction, ADI enhances its aerospace and defense capabilities in the area of secure radio communications, bolsters its portfolio of system hardware and software-based cryptographic technologies, and adds a cybersecurity software and services business that supports our ability to offer more comprehensivehigh-performance analog solutions across multiple market segments such as Internet of Things (IoT), industrial, automotive, and more.
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“We are delighted to add the experience, expertise, and technologiesof the CSS team to the ADI family,” said Dick Meaney, ADI Senior Vice President, Industrial, Healthcare and Consumer Group. “With this acquisition, we have accelerated our ability to offer our customers trust ‘from the sensor to the cloud’ through next-generation cyber-physical security solutions. The competencies and offerings of the CSS business are a great complement to our Internet of Things (IoT) solutions, as security increasingly becomes paramount to the success ofIoT implementations.”
The CSS team will remain in its current locales of Tampa, Florida and West Lafayette, Indiana and form the core of ADI’s new Secure Technology Group (STG), to be led by John Walsh, former president of Sypris Electronics, LLC.
“The CSS team is very proud to become part of Analog Devices,” said Walsh. “The combination of ADI and the CSS business provides the unique opportunity to ‘change the game’ in security at the cyber-physical layer. The integration of our technologies and core competencies will allow us to enable greater trust in the underpinnings of our more and more connected world.”