News Article
Acquisition of Swedish company will bolster ASIC verification strategy
Synplicity, Inc. has announced an agreement to acquire Hardi Electronics.
Synplicity, Inc. has announced an agreement to acquire Hardi Electronics, a specialist in FPGA-based ASIC prototyping, for $24.2 million in cash. The ASIC prototyping market is one the fastest growing segments of the EDA industry.
Gary Meyers, CEO of Synplicity, stated, “This is a major strategic move for Synplicity. We will be able to immediately leverage our existing ASIC verification products (Certify, Synplify Premier, Identify, and Identify Pro) by selling them together with the HARDI ASIC prototyping boards. We’re particularly excited about 2008 when we anticipate combined revenues in excess of $80 million.”
“We at HARDI are excited about joining forces with Synplicity,” said Lars-Eric Lundgren, Founder and CEO at HARDI Electronics AB. “With Synplicity’s product line and the combination of our sales channels, we now have the opportunity to offer a comprehensive solution to the ASIC design community. We are committed to a successful integration of our companies.”
Synplicity will continue to support its world-wide customer base using FPGA prototypes built from custom-designed prototyping boards and those using off-the-shelf boards from other manufacturers through the Partners in Prototyping program.
The acquisition is expected to close in June 2007, subject to customary conditions of closing.
