06 August 2012 Synopsys buys SpringSoft in $400million deal Chi-Foon Chan, Synopsys' president and co ceo Synopsys has signed a definitive agreement to acquire ic design software specialist SpringSoft in a $406 million cash deal. "This acquisition will increase Synopsys' investment in Taiwan by growing our local engineering expertise, technology development capabilities and customer support," said Chi-Foon Chan, pictured, Synopsys' president and co ceo. "Combining SpringSoft's team and platform with Synopsys' complementary technology will help Synopsys lead further innovations in debug to more rapidly address the growing verification challenge." According to Synopsys, verification requirements have 'exploded' as designs have become increasingly complex, with debugging the most time consuming part of verification. The combination of the two companies' technologies will help to accelerate the delivery of a unified, powerful SoC debug environment. Author Graham Pitcher Comment on this article Websites http://www.springsoft.comhttp://www.synopsys.com Companies Synopsys Inc This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.