Tuesday, December 6, 2011

Synopsys to acquire Magma

Synopsys will acquire Magma for approximately $507 million net of cash and debt acquired.  Synopsys, which provides software and IP used in the design, verification and manufacture of electronic components and systems, is set to acquire Magma Design Automation, a provider of chip design software.  When asked about the acquisition, Synopsys said "this acquisition will enable Synopsys to accelerate the delivery of the technology our customers need to keep the overall cost of design in check."

Read the Synopsys press release here: http://synopsys.mediaroom.com/index.php?s=43&item=982

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