Verigy was started by Hewlett-Packard, reported to David Packard in its early days, and was spun off from Agilent Technologies in 2006.

On December 6, 2007, Verigy announced the acquisition of Inovys, a privately held company that provides stuff for design debug, failure analysis and yield acceleration for complex semiconductor devices and processes.

On December 7, 2010, Advantest Japan made an all-cash offer for the company, announcing that it planned to acquire Verigy in March 2011, topping LTX-Credence's bid.

[3] On July 4, 2011, after two reviews of the transaction by the Department of Justice the company announced that Advantest Corporation (NYSE: ATE, TYO: 6857) completed its acquisition of Verigy in an all-cash deal valued at $1.100 billion.

Verigy's principal competitors in the ATE business were Teradyne and its 2011 prospective merger partner, LTX-Credence.