Tektronix Acquires Veridae Systems, Inc.

BEAVERTON, OR -- (MARKET WIRE) -- Jul 05, 2011 -- Tektronix, Inc., a leading supplier of test, measurement, and monitoring products and solutions, today announced the acquisition of Veridae Systems, Inc. The details of the transaction were not disclosed.

Founded in 2009 to commercialize research from the University of British Columbia, Veridae delivers three leading products for ASIC/FPGA prototyping debug, ASIC post silicon validation and FPGA-based system product validation into leading semiconductor and system product companies. These products are the first on the market to deliver a systematic "design for validation" approach as well as key features such as a synchronized view of multi-device systems both on- and off-chip, across devices, and timing domains. With the enhanced visibility delivered, customer's validation time is greatly shortened and key debug problems that previously required weeks, or even months, can be resolved in hours.

"Veridae is solving an ever increasing challenge faced by our customers -- debug and validation of their complex systems," said, Amir Aghdaei, President of Tektronix. "The combination of Veridae and Tektronix solutions will provide significant cost saving to our customers while accelerating their time to market."

Tektronix has made a long-term commitment to grow an embedded capture business unit in Vancouver, BC. "We're excited to be part of the Tektronix team and to establish a business unit for the company in Vancouver," said Jim Derbyshire, Veridae chief executive officer and mentor in residence at Simon Fraser University. "This allows us to maintain our close ties to the local research community, which were instrumental in the founding of Veridae."

About Tektronix
For more than sixty years, engineers have turned to Tektronix for test, measurement and monitoring solutions to solve design challenges, improve productivity and dramatically reduce time to market. Tektronix is a leading supplier of test instrumentation for engineers focused on electronic design, manufacturing, and advanced technology development. Headquartered in Beaverton, Oregon, Tektronix serves customers worldwide and offers award-winning service and support. Stay on the leading edge at www.tektronix.com.

About Veridae Systems
Veridae Systems, Inc. provides innovative debug and validation technology that enables engineers to bring complex systems and ICs from prototype to production while realizing significant savings in both cost and time to market. Prior to the acquisition by Tektronix, Veridae was privately held, with technology spun out of research activity at the University of British Columbia (UBC). More information is available on the web at www.veridae.com.

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