MOUNTAIN VIEW, Calif., Feb. 8, 2010 -- 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.
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/.