Synopsys Acquires Assets Of Leda Design

[Siamanto]

PR Newswire (press release)

Nov. 2, 2004

 

Synopsys Acquires Assets of LEDA Design

 

 

Experienced IP Engineers to Help Meet Demand for Synopsys' DesignWare

 

MOUNTAIN VIEW, Calif., Nov. 2 /PRNewswire-FirstCall/ -- Synopsys, Inc.

(Nasdaq: SNPS), the world leader in semiconductor design software,

today announced that it has acquired certain assets and hired the

engineering team of LEDA Design, a developer of mixed-signal

intellectual property (IP). LEDA Design has a team of more than 80

experienced digital and mixed-signal IP design engineers and support

personnel located in Yerevan, Armenia who will join the Synopsys

DesignWare® IP engineering team. These talented engineers have a

track record of successfully developing and delivering IP and will

help Synopsys meet increasing customer demand for Synopsys' portfolio

of DesignWare IP. The LEDA Design team has worked together for more

than four years developing, marketing and selling silicon-verified

analog, digital and mixed-signal IP, as well as digital core and IO

libraries. The terms of the transaction are not being disclosed.

"Synopsys is committed to providing its customers with the most

comprehensive standards-based IP portfolio," said John Chilton, senior

vice president and general manager of the Solutions Group at

Synopsys. "The addition of the LEDA Design team in Armenia to our

worldwide engineering team extends our expertise in IP and enables us

to address increasing customer demand." Synopsys DesignWare IP is the

leading standards-based IP portfolio in the world. The DesignWare

portfolio includes a complete family of digital and mixed-signal IP

for widely used industry standard protocols, such as Universal Serial

Bus (USB) and PCI Express™.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the

meaning of the safe harbor provisions of Section 21E of the Securities

Exchange Act of 1934, including statements regarding the expected

benefits of the acquisition. These statements are based on Synopsys'

current expectations and beliefs. Actual results could differ

materially from the results implied by these statements as a result of

unforeseen difficulties in integrating LEDA Design's engineering team

into Synopsys' DesignWare® IP engineering team, as well as the

factors described in the section of Synopsys' Quarterly Report on Form

10-Q for the fiscal quarter ended July 31, 2004 filed with the

Securities and Exchange Commission entitled "Factors That May Affect

Future Results."

 

About Synopsys

 

Synopsys, Inc. is the world leader in electronic design automation

(EDA) software for semiconductor design. The company delivers

technology-leading semiconductor design and verification platforms and

IC manufacturing software products to the global electronics market,

enabling the development and production of complex systems-on-chips

(SoCs). Synopsys also provides intellectual property and design

services to simplify the design process and accelerate time-to-market

for its customers. Synopsys is headquartered in Mountain View,

California and has offices in more than 60 locations throughout North

America, Europe, Japan and Asia. Visit Synopsys online at

http://www.synopsys.com/ .

 

NOTE: Synopsys and DesignWare are registered trademarks of

Synopsys, Inc. All other trademarks or registered trademarks

mentioned in this release are the intellectual property of their

respective owners.

 

 

http://groong.usc.edu/news/msg96297.html