CoWare Signs Definitive Agreement to be Acquired by Synopsys

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 global supplier of Electronic System Design software and services. IP, semiconductor, and electronics companies use CoWare solutions to design better processor- and software-intensive products faster. 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.