CIMdata PLM Industry Summary Online Archive
16 May 2008
Acquisitions
Synopsys Completes Acquisition of Synplicity, Inc.
Synopsys, Inc. announced it has completed its acquisition of Synplicity®, Inc. The acquisition expands Synopsys' technology portfolio, channel reach and total addressable market by adding complementary products and expertise for FPGA solutions and rapid ASIC prototyping. Synopsys acquired Synplicity for $8 cash per share, resulting in a gross transaction of approximately $223 million, or approximately $181 million net of cash acquired.
As a result of the acquisition, Synopsys has formed a Synplicity Business Group with Synplicity President and Chief Executive Officer Gary Meyers as its general manager. Synplicity Co-Founder and CTO Ken McElvain has joined the group to help architect Synopsys' system level solutions.
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