8 February 2010
Synopsys to Acquire CoWare, Inc.
Synopsys, Inc. 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.
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