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EDA/IP  

Synopsys to buy ProDesign's CHIPit biz unit

Posted: 03 Dec 2008     Print Version  Bookmark and Share

Keywords:acquisition  verification tools  industrial image processing 

EDA and IP vendor Synopsys Inc. said it has signed a definitive agreement to buy the CHIPit business unit of ProDesign Electronic GmbH. Financial terms were not disclosed.

The CHIPit unit includes a family of hardware-assisted verification tools, industrial image processing tools and other products.

Synopsys said the acquisition of complementary talent, technology and products would expand the company's total addressable market by addressing the needs of customers who want to deploy more automated prototypes with additional co-verification features.

"By combining Synopsys' and CHIPit's strong teams and technologies, we can accelerate our ability to address every phase in the verification cycle, in particular for system validation and embedded software development," said Gary Meyers, vice president and general manager of Synopsys' Synplicity business group, in a statement.

ProDesign is a privately held company headquartered in Bruckmuhl, Germany.

-EE Times





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