Synopsys buys Vast Systems

SAN FRANSCICO: Synopsys Incorporated, the EDA and IP vendor, based in Mountain View, California, the United States, has announced that it bought Vast Systems Technology Corporation, the provider of virtual system prototyping technology. The financial terms of the deal have not yet been revealed.

In a statement, Synopsys Incorporated said it bought Vast Systems Technology Corporation, headquartered in Sunnyvale, California, the United States, with a view to extending its virtual prototyping solutions into the automotive and consumer application sectors.

The acquisition, according to Synopsys, will add to the company’s virtual prototyping portfolio process sub-system models, which let developers speed up the virtualisation of electronic systems and also to start software development 9 to 12 months before the availability of silicon.

Synopsys said it does not expect the acquisition of Vast Systems Technology Corporation to have any significant impact on the company’s revenues in 2010 or on its earnings per share.

The executive management team of Vast Systems Technology Corporation, including its president and chief executive officer Alain Labat, are not joining Synopsys Incorporated as a part of the acquisition.

Vast Systems Technology Corporation has partnerships to deliver system and processor models to many electronics suppliers and OEMs such as Renesas, Infineon, NEC, and Delphi.

In 2008, IBM Japan had announced that it will jointly promote Vast Systems Technology Corporation’s electronics device virtualisation for its major manufacturing customers in the digital consumer electronics and automotive industries. Later, Vast Systems Technology had announced similar pacts with other companies, including Freescale Semiconductor