View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 14, 2010

Synopsys to acquire Virage Logic in $315m deal

Acquisition adds embedded memories with test and repair, standard cell libraries and programmable cores

By CBR Staff Writer

Chip design software maker Synopsys has agreed to acquire Virage Logic, a provider of semiconductor intellectual property (IP) for the design of integrated circuits, in a transaction valued at approximately $315m.

Synopsys said that the Virage Logic’s offering will complement its DesignWare interface and analog IP portfolio by adding embedded memories with test and repair, non-volatile memories (NVMs), standard cell libraries, and programmable cores for control and multimedia sub-systems.

The company said that the Virage Logic’s acquisition will strengthen its ability to help design teams achieve their system-on-chip (SoC) development goals by providing them with a portfolio of high-quality IP and worldwide technical support.

Under the terms of the agreement, Synopsys will pay $12.00 cash per Virage Logic share, resulting in a transaction value of approximately $315m, or approximately $289m net of cash acquired.

Upon closing the transaction, Virage Logic will become part of Synopsys, and Virage Logic President and CEO Alex Shubat will join Synopsys. Synopsys anticipates the transaction to be neutral to non-GAAP earnings per share in fiscal 2010, and accretive in fiscal 2011.

Dr Aart de Geus, chairman and CEO at Synopsys, said: "With more functionality being integrated into a single device, high-quality IP continues to be key for enabling designers to reduce integration risk and speed time-to-market.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

"Bringing Synopsys and Virage Logic together broadens our portfolio and builds on two very strong technical teams. It is also in line with what so many customers are looking to Synopsys to address: a way to quickly incorporate standard functions into their SoCs so they can focus on developing differentiated products."

The transaction, which is expected to close in the fourth quarter of Synopsys’ fiscal 2010, is subject to regulatory and Virage Logic shareholder approval, as well as other customary closing conditions.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU