Seeks to maximize growth, development and ultimate value of Electronic Design Automation (EDA) company
London, January 24, 2011: Azini Capital today announced it has completed the acquisition of OneSpin Solutions GmbH from founding investors Apax Partners and Infineon AG. Azini has also completed an additional investment in OneSpin to accelerate the company's growth and development. OneSpin is a leading supplier of formal verification solutions for detecting all errors in the design of complex integrated circuits (semiconductor chips).
Headquartered in Munich, OneSpin was established in May 2005 as a commercial EDA company by Infineon AG and Apax Partners. It leverages more than 270 engineer-years of formal verification technology development and application service experience gained at Infineon and Siemens. The company’s award-winning solutions let customers dramatically reduce their verification effort and costs, avoid costly redesigns and respins, and significantly decrease time-to-market.
“Our decision to invest in OneSpin underlines our confidence in the future of the company, based on the growth the business is seeing for its verification solutions,” said Paul Hill, Partner of Azini Capital. “We have no doubt that the dynamics in the semiconductor market at large will drive growing demand for OneSpin’s products, and that we can help OneSpin fulfill its potential.”
“We’re delighted to have attracted an investor with such expertise,” said Peter Feist, president and CEO of OneSpin. “Azini has rapidly demonstrated its understanding of both the challenges facing the company and OneSpin’s considerable potential. I am confident that with Azini’s support, we will be able to achieve our ambitions for the company.”
About OneSpin Solutions
Electronic Design Automation (EDA) company OneSpin Solutions delivers innovative formal verification solutions that ease and speed the functional verification of complex ASIC and FPGA designs. Market-leading telecommunications, automotive, consumer electronics, and embedded systems companies rely on OneSpin's award-winning products to substantially reduce verification effort and achieve the industry’s highest-possible verification quality. For further information please visit http://www.onespin-solutions.com/ or email firstname.lastname@example.org.
About Azini Capital
Azini Capital ( www.azini.com) is a UK based private equity firm that specialises in acquiring portfolios of private and public technology companies from historical investors and shareholders (secondary transactions). Azini Capital typically holds investments for a number of years - providing additional funding if required - in order to maximize the growth, development and ultimate value of the companies. The firm has completed a series of transactions since its formation in 2004 including the acquisition of portfolios from Apax Partners, J.P.Morgan and CLS Holdings plc. and has enjoyed a number of successful exits.