Synopsys to Acquire CoWare, Inc.

MOUNTAIN VIEW, Calif., Feb. 8 — (PRNewswire) — Synopsys, Inc. (Nasdaq: SNPS), a world leader in software and IP for semiconductor design, verification and manufacturing, today announced it has signed a definitive agreement to acquire CoWare, Inc., a global supplier of software and services for electronic systems design. When completed, the acquisition will expand Synopsys' portfolio of system-level design and verification products used in wireless, consumer and automotive design.

"System-level design and verification solutions have been gaining traction among developers as chips have gotten more complex and embedded software has become more pervasive," said Joachim Kunkel, senior vice president and general manager of the Solutions Group at Synopsys. "With the completion of the CoWare acquisition, Synopsys will be able to develop and bring new standards-based solutions to market so engineers can more quickly design processor and software-intensive products."

The transaction is subject to customary closing conditions, including HSR (Hart-Scott-Rodino) review, and is expected to close within Synopsys' second quarter of fiscal year 2010.  The terms of the deal are not being disclosed.

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design, verification and manufacturing. Synopsys' comprehensive, integrated  portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, software-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has more than 65 offices located throughout North America, Europe, Japan, Asia and India. Visit Synopsys online at http://www.synopsys.com/.

Safe Harbor Statement/Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements regarding the expected benefits of the proposed transaction to Synopsys and its customers, and the planned integration of CoWare's products and technologies into Synopsys' products and solutions. Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, among others, satisfaction of closing conditions for the acquisition, including the receipt and timing of HSR approval for the transaction; Synopsys' ability to integrate the businesses and technologies and to manage the impact on financial results following the acquisition; customer demand for the new technologies and product offerings, as well as other risk factors as described in the Risk Factors section of Synopsys' most recently filed Annual Report on Form 10-K. Synopsys assumes no obligation to update any forward-looking statement contained in this press release.

Synopsys is a registered trademark of Synopsys, Inc. All other trademarks mentioned in this release are the intellectual property of their respective owners.

Editorial Contact:

Yvette Huygen

Synopsys, Inc.

650-584-4547

Email Contact


Investor Contact:

Lisa Ewbank

Synopsys, Inc.

650-584-1901


SOURCE Synopsys, Inc.

Contact:
Synopsys, Inc.
CoWare, Inc.
Yvette Huygen
Phone: +1-650-584-4547
Email Contact
Investors, Lisa Ewbank
Phone: +1-650-584-1901, both of Synopsys, Inc.
Web: http://www.synopsys.com


Reviews:
Review Article
  • VLSI Training February 19, 2010
    Reviewed by 'VLSI Training'
    Good merger in the VLSI space
    http://www.iivdt.com

      One person found this review helpful.

      Was this review helpful to you?   (Report this review as inappropriate)


For more discussions, follow this link …
 True Circuits: IOT PLL

Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
DVCon Europe 2017: Munich and So much more
More Editorial  
Jobs
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
FPGA Engineer for Teradyne Inc at San Jose, CA
Field Application Engineer for Teradyne Inc at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
Upcoming Events
15th IEEE/ACM ESTIMedia 2017 at Seoul Korea (South) - Oct 19 - 20, 2017
11th International Symposium on Networks-on-Chip (NOCS 2017) at Seoul Korea (South) - Oct 19 - 20, 2017
ESTIMedia 2017 at Seoul Korea (South) - Oct 19 - 20, 2017
25th IFIP/IEEE International Conference on Very Large Scale Integration (VLSI-SoC 2017) at Yas Viceroy Abu Dhabi Yas Marina Circuit, Yas Island Abu Dhabi United Arab Emirates - Oct 23 - 25, 2017
CST: Webinar series
TrueCircuits: IoTPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise