Synopsys, Inc. (NASDAQ:SNPS) has announced that CoWare, Inc. has signed a definitive agreement for its acquisition. CoWare is a supplier of Electronic System Design software and services. It offers Synopsis a variety of electronic system design solutions including processor design, system architecture design, verification, software development, and algorithm design. The terms of the transaction were not disclosed. It is subject to customary regulatory approvals.
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Synopsys, Inc. is engaged in the electronic design automation (EDA) software and related services for semiconductor design companies. It provides semiconductor design and verification software platforms and integrated circuit (IC) manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). In addition, Synopsys provides intellectual property (IP), system-level design hardware and software products, and design services to simplify the design process and accelerate time-to-market for its customers. It also provides software and services that help customers prepare and optimize their designs for manufacturing. Its products and services are divided into five common groupings: Galaxy Design Platform and Discovery Verification Platform (which are typically sold and reported together as Core EDA), Intellectual Property (IP) and System-Level Solutions, Manufacturing Solutions, and Professional Services.
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