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.
The silicon Intellectual Property (IP) provider, Evatronix SA and CMP (Circuits Multi Projects®), announced their collaboration and development of an educational program by including the distribution of the large portfolio of Evatronix Intellectual Property (IP) for Universities and Research Laboratories. CMP is a service of Multi Projects on Wafer supporting several technologies. Since 1981, more than 1000 institutions from 66 countries have been served through 5200 projects on 600 Runs. CMP will now license Evatronix IPs to ease the access and shorten the time of designs’ development.