PALO ALTO, Calif., 5 Jan. 2008. Catalytic Inc. in Palo Alto, Calif., has completed its acquisition of the electronic system level (ESL) business from Celoxica Holdings plc in Oxfordshire, England. Catalytic specializes in accelerating signal processing algorithm design, verification, and implementation.
The acquisition expands Catalytic's algorithm development solutions with the addition of Celoxica's C to field programmable gate array (FPGA) technology, products, and services. Under terms of the agreement, a cash consideration of $3 million will be paid to acquire DK Design Suite, PixelStreams, and Agility Compiler software products and the RC Series of FPGA development and prototyping boards.
In addition, 18 people will become Catalytic employees and expand Catalytic's worldwide presence with new offices in Texas, Japan, and England. Catalytic will continue to support the more than 100 existing customers of the transferred products. It will add Celoxica as a customer and reseller of the DK Design Suite to deliver high-performance computing solutions to the finance, life sciences, and oil and gas exploration industries.
"Complex algorithms are becoming a key component of virtually every electronic system developed for entertainment, defense, security, medical, aerospace, and automotive use," says Dave Burow, Catalytic's chief executive officer. "With this move, we can synthesize the top two languages for high-level algorithm development -- C and MATLAB -- and deliver both software and hardware implementations."
For more information contact Catalytic online at www.catalyticinc.com.
