News
SAN JOSE, Jan. 12 - Cadence Design Systems has signed a definitive agreement to acquire Verisity, a Mountain View, CA-based provider of verification process automation solutions in an all-cash deal.
Subject to customary shareholder and government approvals, Verisity stockholders will receive $12 in cash in exchange for each outstanding share.
Verisity CEO Moshe Gavrielov will join Cadence and Yoav Hollander, founder and CTO, will play an integral role in setting Cadence's verification technology direction.
"The global electronics industry is under unprecedented pressure to develop and bring to market innovative products as quickly as possible," said Mike Fister, president and CEO, Cadence Design Systems. "Our acquisition of this highly innovative team and successful business is consistent with Cadence's focus on enabling the world's leading electronics companies to address the demand for increasingly complex systems."
NEWBURG, OR, Jan. 10 - Wise Software Solutions reported 2004 revenues were up 15% in North America and 6% internationally over 2003. The CAM software and services provider said the growth was the result of increased direct selling efforts within North America, refinements to their distributor network throughout the rest of the world, and the success of GerbTool v. 13.
"Despite
improvements in the world's economy, the EDA industry doesn't
appear to be out of the woods yet," said Jeff Miller, vice president of
sales and marketing. "I'm pleased that we achieved a third straight
year of growth; however the market continues to be cautious. Our plan
is to forge ahead in our efforts toward providing high-level analysis,
verification, and tooling functionality at a price that users can
afford."
KENOSHA, WI, Jan. 13 — Visitors to Pro-Mation's web site can now see
the company's newest systems, designs and technologies first-hand.
In a press release CEO Gary
Goldberg said, "We added this feature to allow customers a way to keep
updated on our continuous release of new products and technologies. By
posting a clear photograph of each within a designated area on our
site, visitors can conveniently contact us with any questions about the
designs. We feel this user-friendly feature will provide the speed and
flexibility our customers need to remain at the top of this
ever-changing industry."
Pro-Mation makes equipment for PCB handling and conveying, selective laser soldering, AOI and other lines.
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