SAN JOSE, Calif., Dec. 3 /PRNewswire/ -- SAN JOSE, Calif., Dec. 3 /PRNewswire-FirstCall/ -- LogicVision, Inc. (NASDAQ: LGVN), a leading provider of semiconductor built-in-self-test (BIST) and diagnostic solutions, today confirmed receipt of an unsolicited, non-binding proposal from Virage Logic Corporation to acquire all of the outstanding common stock of LogicVision for $1.05 per share, subject to due diligence and the negotiation of definitive agreements.

The Board of Directors of LogicVision, in consultation with the Company's financial and legal advisors, will carefully consider and review the proposal and will respond in due course.

About LogicVision, Inc.

LogicVision provides proprietary technologies for embedded test and yield learning that enable more efficient manufacturing test of complex semiconductors. LogicVision's embedded test solutions allow integrated circuit designers to embed test functionality into a semiconductor design that is used during semiconductor production test and throughout the useful life of the chip. The company's advanced Design for Test (DFT) product line, ETCreate, works together with Silicon Insight applications and Yield Insight to improve profit margins by reducing device field returns and test costs, accelerating silicon bring-up times and shorten both time to market and time to yield. For more information on the company and its products, please visit the LogicVision website at www.logicvision.com.

LogicVision, Embedded Test and LogicVision logos are trademarks or registered trademarks of LogicVision, Inc. in the United States and other countries. All other trademarks and service marks are the property of their respective owners.

Web site: http://www.logicvision.com/