CoWare Signs Definitive Agreement to be Acquired by Synopsys

Link to Synopsys press release.

SAN JOSE, Calif. – February 8, 2010 – CoWare^®, Inc., a leading supplier of Electronic System Design software and services, today announced that it has signed a definitive agreement to be acquired by Synopsys, Inc. (Nasdaq: SNPS), an industry leader in software and IP for semiconductor design, verification and manufacturing. CoWare brings to Synopsys a range of electronic system design solutions covering processor design, system architecture design, verification, software development, and algorithm design.

“Over the years, CoWare has been one of the innovation leaders addressing the needs of electronic system design. We have developed a significant product offering based on standards-based technologies and solutions that IP, semiconductor and systems companies have successfully deployed,” said Alan Naumann, President and CEO of CoWare. “Synopsys’ acquisition of CoWare confirms the trend of increasing demand for systems design solutions. It also provides our customers continued access to market leading technologies and services with a recognized industry leader.”

The transaction is subject to customary regulatory approvals.  The terms of the deal are not being disclosed.

About CoWare
CoWare is the leading supplies of design software and services. IP, semiconductor, and electronics companies use CoWare virtualization solutions to design better processor- and software-intensive products faster. CoWare solutions solve the new design challenges associated with platform architecture design, platform verification, application sub-system design, processor design, DSP algorithm design, and software development, and are based on open industry standards including SystemC. These solutions also enable IP and semiconductor companies to implement more effective go-to-market strategies. CoWare's corporate investors include ARM [(LSE: ARM); (Nasdaq: ARMH)], Cadence Design Systems (NASDAQ: CDNS), STMicroelectronics (NYSE: STM), and Sony Corporation (NYSE: SNE). CoWare is headquartered in San Jose, Calif., and has offices around the world. For more information about CoWare and its products and services visit http://www.coware.com.

CoWare is a registered trademark of CoWare, Inc. All other trademarks are the property of their respective owners.