Mosaid exits ATE business
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Mosaid product story
Edited by the Electronicstalk editorial team
Mar 30, 2007
Mosaid Technologies has concluded the sale of certain assets of its Systems Division's automatic test equipment (ATE) business to Teradyne for US $20 million in cash.
Mosaid Technologies has concluded the sale of certain assets of its Systems Division's automatic test equipment (ATE) business to Teradyne for US $20 million in cash.
Mosaid will wind down its remaining ATE business by 30th April 2007, and has arranged with EPM Test to provide ongoing sales, support and service for the installed base of Mosaid memory test systems.
EPM Test is a new company founded by Altaf Padamshi, currently Director of Customer Technical Support for Mosaid Systems, and Robert Evans, currently Vice President of Sales, Mosaid Systems.
The intention is that all Mosaid Systems' existing purchase orders for training, service contacts, and warranty and software support will be fulfilled by EPM Test.
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