Date: 04/12/2008

Synopsys to buy ProDesign's CHIPit business unit

Synopsys has signed a definitive agreement to acquire the CHIPit business unit of ProDesign, provider of high-speed ASIC and System-on-Chip (SoC) verification systems.

ProDesign is a privately held company headquartered in Bruckmuhl, Germany. Its CHIPit line of ASIC prototyping tools provides verification and validation through the SoC and ASIC project life cycles. Based on the latest FPGA technologies and an integrated set of tools with comprehensive debug capabilities, the modular CHIPit tools are used to verify chip implementation and system functionality, to overall verification time.

The transaction is subject to customary closing conditions and is expected to close within Synopsys' first quarter of fiscal year 2009. The terms of the deal are not being disclosed.