Synopsys Acquires Analog Business Group of MIPS Technologies
May 08 2009 - 8:40AM
PR Newswire (US)
Acquisition Adds Leading Analog IP Solutions and Expands Interface
IP Portfolio MOUNTAIN VIEW, Calif., May 8 /PRNewswire-FirstCall/ --
Synopsys, Inc. (NASDAQ:SNPS), a world leader in software and IP for
semiconductor design and manufacturing, today announced it has
acquired the Analog Business Group of MIPS Technologies, Inc.
(NASDAQ:MIPS) for $22 million in cash. The acquisition expands
Synopsys' DesignWare(R) intellectual property (IP) portfolio with a
new family of analog IP such as Analog-to-Digital Converters,
Digital-to-Analog Converters, Audio Codecs and Power Management. It
will also add HDMI TX and RX protocols to Synopsys' existing
interface IP solution. Synopsys has been an established IP provider
for more than a decade, providing complete solutions consisting of
digital controllers, PHY and Verification IP for widely used
protocols such as USB, PCI Express, DDR, SATA and Ethernet.
Synopsys expects the acquisition to benefit designers in a number
of ways, including: -- Providing access to an even broader
portfolio of high-quality interface and analog IP that supports the
latest connectivity standards, process technologies and foundries -
all from a single, trusted vendor; and -- Continuing to maintain
the quality standards and excellent technical support which
customers are accustomed to receiving from Synopsys. "With this
acquisition, Synopsys is well-positioned to provide our customers
with a strong interface and analog IP portfolio that is
silicon-proven, shipping in volume and unmatched in the industry,"
said Joachim Kunkel, vice president and general manager of the
Solutions Group at Synopsys. "One of the reasons designers turn to
Synopsys is because they have trust in the IP and know that we will
be there for the long term. With the addition of the new analog IP
products and the highly skilled engineering team, our customers
will benefit from a broader portfolio of high quality IP, thereby
reducing risk and speeding time-to-market." About Synopsys
Synopsys, Inc. (NASDAQ:SNPS) is the world leader in electronic
design automation (EDA), supplying the global electronics market
with the software, intellectual property (IP) and services used in
semiconductor design 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 60 offices located throughout North
America, Europe, Japan, Asia and India. Visit Synopsys online at
http://www.synopsys.com/. Safe Harbor Statement/Forward-Looking
Statements This press release contains forward-looking statements
within the meaning of U.S. federal securities laws, including
statements regarding the expected benefits of the proposed
transaction to Synopsys and its customers. Forward-looking
statements are subject to known and unknown risks and uncertainties
that may cause actual results to differ materially from those
expressed or implied in the forward-looking statements. These risks
and uncertainties include, among others, Synopsys' ability to
integrate the businesses and technologies and to manage the impact
on financial results following the acquisition as well as customer
demand for the new technologies and product offerings. Additional
information concerning other risk factors is contained in the Risk
Factors section of Synopsys' most recently filed Quarterly Report
on Form 10-Q. Synopsys assumes no obligation to update any
forward-looking statement contained in this press release. Synopsys
and DesignWare are registered trademarks of Synopsys, Inc. All
other trademarks mentioned in this release are the intellectual
property of their respective owners. Editorial Contact: Yvette
Huygen Synopsys, Inc. 650-584-4547 Investor Contact: Lisa Ewbank
Synopsys, Inc. 650-584-1901 DATASOURCE: Synopsys, Inc. CONTACT:
media, Yvette Huygen, +1-650-584-4547, , or investors, Lisa Ewbank,
+1-650-584-1901, both of Synopsys, Inc. Web Site:
http://www.synopsys.com/
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