Synopsys is to acquire rival vendor Atrenta in another major consolidation of the EDA tools market. The deal was announced late on Sunday (June 7) ahead of the opening day of the 2015 Design Automation Conference.
The acquisition – terms were not disclosed – will see Synopsys take Atrenta’s verification and implementation tools and integrate them with its own Verification Continuum and Galaxy Design platforms.
Atrenta’s flagship line of software is SpyGlass which embraces such tasks as linting, power optimization and structural coding checks at RTL. Its other product lines are BugScope and GenSys.
The deal takes another company out of EDA’s rapidly shrinking second tier of vendors. In the last year, Mentor Graphics has acquired Tanner EDA and Cadence Design Systems has bought Jasper Design Automation.
“Atrenta’s demonstrated leadership in static and formal technologies is recognized throughout the EDA industry, and its technology is used by design and verification teams around the world,” said Manoj Gandhi, executive vice president and general manager of the Verification Group at Synopsys in a prepared statement.
“Synopsys expects to leverage this strong technology to further improve our Verification Continuum platform to address continually increasing verification challenges, and to support our ongoing R&D collaborations with customers in both verification and implementation.”
Ajoy Bose, chairman, president and CEO of privately-held Atrenta, said, “The integration of our technology into Synopsys’ design and verification platforms will accelerate innovation in the industry and offer our mutual customers the benefit of a much stronger combined offering.”
The transaction is subject to Hart Scott Rodino regulatory review and other customary closing conditions, and is expected to close in the summer of 2015.
Check back at Tech Design Forum later today for further updates on this and other breaking EDA news from DAC 2015 in San Francisco.