Cadence Design Systems plans to acquire the IP business of Evatronix SA SKA. The acquisition is expected to close in the second quarter of 2013, and is not expected to have a material impact on Cadence’s balance sheet or second quarter or fiscal 2013 results of operations. Terms of the transaction were not disclosed.
Evatronix’s IP business will expand Cadence’s IP offering.
Evatronix’s IP cores and services are designed for ease-of-integration, quality and time-to-market. The integration with Cadence will help engineers get to market faster with less effort.
Evatronix is based in Poland. They offer a silicon-proven IP portfolio, which includes certified USB 2.0/3.0, Display, MIPI, and storage controllers.
- Evatronix is an established provider of USB, MIPI, display and storage controller IP with a broad customer base of approximately 600 customers
- Nearly 200 USB controllers licensed to customers, including several top-tier semiconductor companies
- Evatronix’s controllers, combined with PHYs from Cadence, will enable a complete interface IP solution that combines controller, PHY, verification IP and integration kits