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    1. Commercial Aerospace

    Software design and verification company Synopsys acquires Magma Design Automation, maker of chip design software

    Feb. 27, 2012
    MOUNTAIN VIEW, Calif., 27 Feb. 2012. Synopsys Inc. (Nasdaq:SNPS), a developer of software and IP used in the design, verification, and manufacture of electronic components and systems, has acquired Magma Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software in San Jose, Calif., for roughly $523 million to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools.

    MOUNTAIN VIEW, Calif., 27 Feb. 2012. Synopsys Inc. (Nasdaq:SNPS), a developer of software and IP used in the design, verification, and manufacture of electronic components and systems, has acquired Magma Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software in San Jose, Calif., for roughly $523 million to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools.

    Magma's founder, Chairman, and CEO Rajeev Madhavan will not join Synopsys.

    About the Author

    Courtney E. Howard | Chief Editor, Intelligent Aerospace

    Courtney enjoys writing about all things high-tech in PennWell’s burgeoning Aerospace and Defense Group, which encompasses Intelligent Aerospace and Military & Aerospace Electronics. She’s also a self-proclaimed social-media maven, mil-aero nerd, and avid avionics and space geek. Connect with Courtney at [email protected], @coho on Twitter, on LinkedIn, and on Google+.

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