CIMdata PLM Industry Summary Online Archive
8 February 2010
Acquisitions
CoWare Signs Definitive Agreement to be Acquired by Synopsys
CoWare®, Inc. announced that it has signed a definitive agreement to be acquired by Synopsys, Inc. CoWare brings to Synopsys a range of electronic system design solutions covering processor design, system architecture design, verification, software development, and algorithm design.
“Over the years, CoWare has been one of the innovation leaders addressing the needs of electronic system design. We have developed a significant product offering based on standards-based technologies and solutions that IP, semiconductor and systems companies have successfully deployed,” said Alan Naumann, President and CEO of CoWare. “Synopsys’ acquisition of CoWare confirms the trend of increasing demand for systems design solutions. It also provides our customers continued access to market leading technologies and services with a recognized industry leader.”
The transaction is subject to customary regulatory approvals. The terms of the deal are not being disclosed.
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