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

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.
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.

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

About the Author

Courtney Howard

Courtney Howard

Executive Editor

Courtney, as executive editor, enjoys writing about all things electronics and avionics in PennWell’s burgeoning Aerospace and Defense Group, which encompasses Military & Aerospace Electronics, Avionics Intelligence, the Avionics Europe conference, and much more. She’s also a self-proclaimed social-media maven, mil-aero nerd, and avid avionics geek. Connect with Courtney at [email protected], @coho on Twitter, and on LinkedIn.

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