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From the News Desk
Thursday, 27. March 2008
Synplicity Joins Forces with Synopsys to Expand Product Portfolio
Synplicity, supplier of solutions for the design and verification of semiconductors, has announced that it has signed a definitive agreement to be acquired by Synopsys, a provider of software and IP for semiconductor design and manufacturing. When completed, the acquisition will expand Synplicity’s product portfolio and extend the market reach of its industry leading products.
Under the terms of the agreement, Synopsys will pay USD 8 cash per Synplicity share, resulting in a gross transaction value of approximately USD 227 million, and approximately USD 188 million net of cash acquired. The transaction is expected to close in the second calendar quarter of 2008, and after the closing, Synplicity will become part of Synopsys, and Synplicity stock will cease trading.
“Synplicity’s strong product portfolio, expertise, and customer reach will be ideal complements to Synopsys,” said Aart deGeus, chairman and CEO of Synopsys. “The combination will expand our presence in the systems and mid-tier market segments, will support our strategy to provide rapid prototyping capabilities to a broad set of customers to enable much faster software development, and will enhance Synplicity’s already strong offering in the FPGA implementation market.”
The acquisition is expected to help the companies accelerate the revenue growth in the rapidly growing market for SoC verification solutions. According to the Synplicity, the acquisition also provides the opportunity to leverage Synopsys’ advanced IC technology to further improve Synplicity’s FPGA synthesis products, and Synplicity will gain an expanded product portfolio with which to serve its approximately 1,800 customers.
Under the terms of the agreement, Synopsys will pay USD 8 cash per Synplicity share, resulting in a gross transaction value of approximately USD 227 million, and approximately USD 188 million net of cash acquired. The transaction is expected to close in the second calendar quarter of 2008, and after the closing, Synplicity will become part of Synopsys, and Synplicity stock will cease trading.
“Synplicity’s strong product portfolio, expertise, and customer reach will be ideal complements to Synopsys,” said Aart deGeus, chairman and CEO of Synopsys. “The combination will expand our presence in the systems and mid-tier market segments, will support our strategy to provide rapid prototyping capabilities to a broad set of customers to enable much faster software development, and will enhance Synplicity’s already strong offering in the FPGA implementation market.”
The acquisition is expected to help the companies accelerate the revenue growth in the rapidly growing market for SoC verification solutions. According to the Synplicity, the acquisition also provides the opportunity to leverage Synopsys’ advanced IC technology to further improve Synplicity’s FPGA synthesis products, and Synplicity will gain an expanded product portfolio with which to serve its approximately 1,800 customers.
