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Posts Tagged ‘Magma Design Automation’

Wow factor: SNPS to acquire SpringSoft

Thursday, August 2nd, 2012

 

When it comes to wow factor, nothing outpaces the August 3rd announcement that Synopsys is going to acquire Taiwan-based SpringSoft. The announcement is astonishing for three reason:

1) Synopsys just announced the acquisition of Ciranova last week. True, the details of that deal were not released and Ciranova is not a ‘large’ company – still, two acquisitions by Synopsys in as many weeks is noteworthy.

2) SpringSoft is a publicly-traded company and therefore the details of the acquisition must be announced: Synopsys will be paying about $300 million for SpringSoft (net of cash acquired), which is a helluva lot of money …

3) … given that Synopsys has already executed another high-profile, high-priced acquisition of a publicly traded company earlier this year, buying Magma Design Automation for about $523 million (net of cash acquired).

Wow!

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Rajeev Madhavan: The Road Not Taken

Tuesday, April 24th, 2012

 

There’s good news and bad news, in my opinion, with regards to Rajeev Madhavan, founder and CEO of Magma Design Automation, a company that was acquired by Synopsys on February 22, 2012.

The good news it that Rajeev is available to the press for candid interviews like the one included below. The bad news is Rajeev is not going to be part of the EDA landscape as he explores various options for the next phase of his life – and that means the industry will be just that much less interesting, at least for a while.

We spoke by phone in late February.

***********************

Peggy: Hey, Rajeev, how are you doing?

Rajeev: I’m doing pretty much okay as I think about what’s next. I’ve got opportunities, and I’ve got other interests I can now pursue – most people rarely get this kind of opportunity in life, so I’m grateful.

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