M&A Deal Summary

Synopsys Acquires Avant!

On June 6, 2002, Synopsys acquired software company Avant!

Acquisition Highlights
  • This is Synopsys’ 4th transaction in the Software sector.
  • This is Synopsys’ 4th transaction in the United States.
  • This is Synopsys’ 3rd transaction in California.

M&A Deal Summary
Date 2002-06-06
Target Avant!
Sector Software
Buyer(s) Synopsys
Deal Type Add-on Acquisition

Target

Avant!

Fremont,, California, United States
Avant! Corporation was an electronic design automation software company that spent its life in litigation with Cadence over the theft of code. Avant! concentrated on the back-end of the flow including physical design, parasitic extraction, verification, flow development, and library development services.

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Buyer(S) 1

Buyer

Synopsys

Sunnyvale, California, United States
Category Company
Founded 1986
Sector Software
Employees20,300
Revenue 5.8B USD (2023)
DESCRIPTION
Entrance to Synopsys' corporate headquarters in Mountain View, California.
Entrance to Synopsys' corporate headquarters in Mountain View, California.

Synopsys with companies to develop electronic products and software applications. Synopsys provides electronic design automation (EDA) and semiconductor IP solutions. Synopsys was founded in 1986 and is based in Sunnyvale, California.

DEAL STATS #
Overall 4 of 70
Sector (Software) 4 of 48
Type (Add-on Acquisition) 4 of 63
State (California) 3 of 31
Country (United States) 4 of 44
Year (2002) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-02 ViewLogic Systems

Marlboro, Massachusetts, United States

ViewLogic Systems, Inc. Develops and markets EDA software for FPGA printed circuit boards and systems designs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-06 Co-Design Automation

Los Altos, California, United States

Co-Design Automation, Inc., a verification company focused on improving the designer's ability to efficiently create and verify system-on-chip (SoC) designs.

Buy $36M
Mergr

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