Synopsys Completes Acquisition of HPL Technologies, Inc.
Synopsys, Inc. (NASDAQ: SNPS), a world leader in semiconductor design software, today announced it has completed its acquisition of HPL Technologies, Inc. (OTC: HPLA.PK), a leader in yield management software and test chip solutions. The acquisition makes Synopsys the first electronic design automation (EDA) company with a comprehensive design-to-silicon flow that links directly into the semiconductor manufacturing process. Synopsys acquired HPL in an all-cash deal valued at approximately $13 million, or $0.30 per share.
A key benefit of the HPL acquisition is that it gives Synopsys direct access to the yield data needed to reduce systematic defectivity. By extending Synopsys' process solutions directly into the fab, Synopsys can help customers accelerate the introduction of new designs by significantly reducing the time it takes to get from concept to manufacturing.
Synopsys, Inc. is a world leader in EDA software for semiconductor design. The company delivers technology-leading semiconductor design and verification platforms and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at http:/www.synopsys.com .
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, including statements regarding the expected benefits of Synopsys' acquisition of HPL Technologies. These statements are based on Synopsys' current expectations and beliefs. Actual results could differ materially from these statements as a result of unforeseen difficulties in integrating HPL's solutions into Synopsys' product portfolio and certain statements contained in the section of Synopsys' Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2005 entitled "Factors That May Affect Future Results."
NOTE: Synopsys is a registered trademark of Synopsys, Inc. Any other trademarks mentioned in this release are the intellectual property of their respective owners.
Lisa L. Ewbank
SOURCE: Synopsys, Inc.
CONTACT: media, Yvette Huygen, +1-650-584-4547, or email@example.com,
or investors, Lisa L. Ewbank, +1-650-584-1901, both of Synopsys, Inc.
Web site: http://www.synopsys.com/