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In the News
- Synplicity, Inc. (Sunnyvale, CA), a supplier of software for the design and verification of semiconductors, announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 4,300,000 shares of its common stock. The registration statement provides an expected price range of $10 to $12 per share. The company has also applied to have its common stock approved for quotation on the NASDAQ National Market under the symbol SYNP. The offering will be lead-managed by Robertson Stephens and co-managed by Dain Rauscher Wessels and SG Cowen. Net proceeds of the offering will be used for general corporate purposes, including funding company operations, working capital, repayment of a term loan, capital expenditures, and potential acquisitions of complementary businesses, products, and technologies.
- Numerical Technologies, Inc. (San Jose, CA) has signed a definitive agreement to acquire Cadabra Design Automation, Inc., a provider of automated cell creation technology used to create the building blocks for standard cell, semi-custom, and custom integrated circuits (ICs). The acquisition will facilitate the mainstream deployment of Numerical's subwavelength technologies for IC production, and increase the number of designs enabled for Numerical's phase-shifting technology. As consideration for the acquisition, Numerical will issue 3.2 million shares and options of Numerical Technologies stock. Cadabra will become a wholly owned subsidiary of Numerical. Credit Suisse First Boston served as advisors to Numerical Technologies in this transaction. Faysal Sohail, currently president and CEO of Cadabra, will remain president of the Cadabra subsidiary and become senior vice president of Numerical. Martin Lefebvre, chairman, founder and CTO of Cadabra, will oversee the integration of Cadabra's technology with Numerical's products.
Verisity Ltd. (Mountain View, CA) filed a registration statement with the Securities and Exchange Commission for an initial public offering of its ordinary shares. The offering will be lead-managed by Robertson Stephens and co-managed by Dain Rauscher Wessels and SG Cowen. Verisity is a provider of proprietary technologies and software products used to verify designs of electronic systems and complex integrated circuits.
Simplex Solutions, Inc. (Sunnyvale, CA) has signed an agreement to combine with Altius Solutions, Inc. (Santa Clara, CA), a provider of methodologies, tools, and silicon engineering expertise for delivering system-on-a-chip (SOC) designs. Altius, a privately held company, offers netlist-to-tapeout design foundry services for advanced SOC designs, as well as software products that enable automatic timing characterization. The combined company will integrate deep-submicron software technology and methodologies with design delivery capabilities to create a horizontal design foundry for complex SOC designs. The addition of Altius' 35 employees will bring the staff of Simplex to more than 150. Altius president and CEO Aurangzeb Khan will become executive vice president and general manager of Simplex' new SOC Design Foundry business, reporting to Aki Fujimura, president and COO of Simplex. Larry Yoshida, president and CEO of Innotech and a lead investor in Altius, will join the Simplex board of directors.
Aisys, Inc. (Santa Clara, CA), an automated embedded design tool vendor, announced that it has signed a technology agreement with Texas Instruments, Inc. for development of device-driver automation tools for TI processor cores. Under the general terms of the agreement, Aisys will provide versions of its Driveway device-driver automation tool for select TI processor cores. The specific terms of the agreement weren't disclosed. Driveway automates the integration of hardware and software for the creation of smart devices that are used in end-applications such as automotive and industrial control.
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