Item 2.01 Completion of Acquisition or Disposition of Assets.
On August 27, 2008, PDF Solutions, Inc (the "Company") entered into an Asset Purchase Agreement (the "Purchase Agreement") with Triant Holdings, Inc. and Triant Technologies (2005) Inc. ("Triant"), pursuant to which the Company agreed to purchase certain assets of Triant for an aggregate purchase price of approximately US$1,750,000 (the "Sale Transaction"). On October 7, 2008, the Company completed the Sale Transaction, purchasing substantially all of the assets of Triant's Fault Detection & Classification business, including certain customer contracts, technologies and employees, other than certain receivables being retained by Triant.
Payment terms include a cash payment of US$1,603,535 at closing, US$374,000 of such consideration to be retained in escrow for three months following the latest date on which notices are sent to creditors and potential claimants of Triant pursuant to its liquidation and wind-up following the closing of the Sale Transaction. Triant retained the right to receive from certain customers up to US$266,465 pursuant to certain retained receivables.
A copy of the Purchase Agreement was previously disclosed in the Company's Form 8-K filed on September 2, 2008, and is incorporated by reference herein.
The Registrant issued a press release regarding the closing of the Sale Transaction on October 8, 2008, which is attached hereto as Exhibit 99.1.
There are no material relations, other than in respect of the Sale Transaction, between the Company and Triant, and none of the officers or directors of the Company, the Company or Triant have any other relationship with each other.
Item 9.01 Financial Statements and Exhibits. Financial Statements:
(a) Financial Statements: the financial statements required by this Item, if any, will be filed by an amendment to this initial report on Form 8-K as soon as practicable, but in no event later than 71 days after this initial report on Form 8-K is required to be filed.

(b) Pro Forma Financial Information: pro forma information required by this Item, if any, will be filed by an amendment to this initial report on Form 8-K as soon as practicable, but in no event later than 71 days after this initial report on Form 8-K is required to be filed.

(c) Shell Company Transactions: None.

(d) Exhibits:

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Exhibit No. Description 99.1 Press Release dated October 8, 2008 regarding the Company's closing of the Sale Transaction whereby Company acquired certain assets of Triant Technologies (2005) Inc.

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