Agilent acquires Objective Systems Integrators

Agilent Technologies, who had announced an agreement to acquire Objective Systems Integrators (Folsom, CA) in November, has successfully completed the tender offer by Tahoe Acquisition to acquire OSI’s common stock (par value $0.001 per share) at $17.75 net per share in cash.

According to an Agilent release, OSI will become Agilent’s Communications Solutions Group. Agilent had been preparing to enter the next-generation OSS arena with the acquisition of Safco Technologies in July 2000 and then Digital Technologies in August.

Tahoe Acquisition has accepted for purchase 37.5 million shares of OSI common stock, including about 1 million shares tendered pursuant to Notices of Guaranteed Delivery, representing about 97% of the issued and outstanding OSI shares (which shares were validly tendered and not withdrawn prior to the expiration of the tender offer at midnight, New York time, on Jan. 4).

OSI, headquartered in Folsom, CA, with more than 400 employees and an installed base of more than 120 customers, designs, develops and markets OSS software that integrates and manages the provision of communications services in today’s large-scale, multivendor network environments.