Synopsys (SNPS) Acquires Emulation Platform Provider EVE

Synopsys, Inc. (Nasdaq: SNPS) completed the acquisition of EVE, a leading supplier of emulation platforms for SoC verification. Emulation is a rapidly growing solution in the spectrum of technologies used to verify today's highly complex systems on chips (SoCs). Integrating EVE's technology with Synopsys' best-in-class platform of simulation, debug, verification IP (VIP), coverage, static verification, low power verification, FPGA prototyping and virtual prototyping solutions will give Synopsys customers access to the broadest verification offering in the industry.

The terms of the acquisition have not been disclosed. Synopsys does not expect the transaction to have a material impact on its financial results in 2012 or 2013.

EVE will become part of the Synopsys verification business unit.

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