Synopsys agree to buy SpringSoft for $406 million

Published:2012/8/5 23:04:00 Author:Ecco From:SeekIC

It is reported that EDA software leader Synopsys Inc. (Mountain View, Calif.) has signed the agreement to purchase IC debug and verification software company SpringSoft Inc. (Hsinchu, Taiwan) for $406 million, or approximately $305 million net of cash acquired.

In November 2011, the company announced a deal to acquire Magma Design Automation Inc. for about $500 million and last month Synopsys moved to pick up privately held Ciranova Inc. The deal is the third in sequence of acquisition initiated by Synopsys.The acquisition is expected to complement Synopsys’ technology portfolio and help the company offer custom EDA tools for important customers.

According to Synopsys, it plans to combine the physical design technology and R&D teams from Ciranova, Springsoft and Magma and thereby offer a higher level of automation in custom implementation tools. At the same time, the innovative custom implementation solution and strong presence of SpringSoft in leading Asian, European and U.S. semiconductor companies will help accelerate Synopsys’ delivery of automation and innovation to an area of IC design that has been stagnant in the past.

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