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
.
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