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Synopsys Acquires Assets of LEDA Design

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  • Synopsys Acquires Assets of LEDA Design

    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(R) 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(TM).

    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(R) 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.

    From: Emil Lazarian | Ararat NewsPress
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