PDF Solutions (PDFS) announced it has entered into a definitive agreement to acquire secureWISE from Telit IOT Solutions. Under the terms of

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.

Shares of PDF Solutions Inc. (PDFS) rose more than 5% in aftermarket hours as the company announced that it had entered into a definitive agreement to acquire secureWISE from Telit IOT Solutions for $130 million.

Today, secureWISE customers have built applications on top of the secureWISE network to deliver equipment analytics. PDF Solutions expects the acquisition to accelerate equipment makers’ ability to derive value from equipment data by enabling them to leverage PDF Solutions’ Exensio analytics software.