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October 14, 1998

VIEWLOGIC TARGETS EDA SYSTEMS TOOLS SEGMENT AFTER MBO

By CBR Staff Writer

Viewlogic Inc, the Marlboro, Massachusetts-based vendor of electronic design automation (EDA) software, has emerged from a management-led buy-out (MBO) at the beginning of this month to target the EDA systems toolsmarket. Fellow EDA supplier Synopsys, Inc acquired Viewlogic for $500m in December last year (CI No 3,270). The Mountain View, California-based company’s motives were primarily to acquire some of the competitor’s technology for application-specific integrated circuit (ASIC) development, which at that time represented about 60% of the acquisition’s revenues. The Viewlogic name was maintained as a division of Synopsys. The target market now is all companies that make what Viewlogic terms ‘e-products’, which it defines as all products that can be differentiated by their electronic content. This extends into any sector which is incorporating printed circuit boards or field programmable gate arrays. Synopsys retains a 14.9% holding in the spun-out company, which is currently privately held. Synopsys will be consolidating Viewlogic’s results into its reports for its 1997-98 financial year, which ended on 30 September, but company sources say that, were Viewlogic to report separately, it would be talking about revenues of around $55m-$60m.

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