M&A Deal Summary

Magma Design Automation Acquires Silicon Metrics

On July 21, 2003, Magma Design Automation acquired software company Silicon Metrics from Needham Capital Partners for 32M USD

Acquisition Highlights
  • This is Magma Design Automation’s 2nd transaction in the Software sector.
  • This is Magma Design Automation’s largest (disclosed) transaction.
  • This is Magma Design Automation’s 2nd transaction in the United States.
  • This is Magma Design Automation’s 1st transaction in Texas.

M&A Deal Summary
Date 2003-07-21
Target Silicon Metrics
Sector Software
Buyer(s) Magma Design Automation
Sellers(s) Needham Capital Partners
Deal Type Add-on Acquisition
Deal Value 32M USD

Target

Silicon Metrics

Austin, Texas, United States
Silicon Metrics Corp. develops EDA software products that accurately model the electrical behavior of silicon intellectual property for the semiconductor industry.

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Buyer(S) 1

Buyer

Magma Design Automation

San Jose, Arkansas, United States
Category Company
Founded 1997
Sector Technology Hardware
Employees201
DESCRIPTION

Magma Design Automation, Inc. is a provider of TektonTM, a next-generation timing analysis platform that offers significantly higher capacity and dramatically faster runtimes than traditional tools, without sacrificing accuracy. Tekton is the first static timing analysis solution to deliver fast multi-scenario analysis on a single CPU.

DEAL STATS #
Overall 2 of 10
Sector (Software) 2 of 8
Type (Add-on Acquisition) 2 of 9
State (Texas) 1 of 1
Country (United States) 2 of 10
Year (2003) 2 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-30 Aplus Design Technologies

Los Angeles, California, United States

Aplus Design Technologies provides logical and physical synthesis and prototyping software solutions for programmable logic devices (PLDs).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-25 Pleiades Design And Test Technologies

San Jose, California, United States

Pleiades Design And Test Technologies engages in development of Memory built-in self test technology

Buy -

Seller(S) 1

SELLER

Needham Capital Partners

New York, New York, United States
Category Private Equity Firm
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Needham Capital Partners is the private equity affiliate of mid-market investment bank Needham & Company. Needham Capital targets investments in clean technology, communications, consumer, financial services, healthcare, semiconductor, enterprise software/storage, networking, and industrial service companies. The Firm prefers to act as the lead investor and has a target investment size of $2 to $10 million. Investment proceeds are typically used to finance growth, or fund management buyouts/recapitalizations. Prospective companies are generally located in the US. Needham Capital Partners is based in New York City, with additional offices in Boston, Menlo Park, and San Francisco.

DEAL STATS #
Overall 27 of 55
Sector (Software) 6 of 17
Type (Add-on Acquisition) 11 of 31
State (Texas) 1 of 3
Country (United States) 26 of 54
Year (2003) 2 of 3
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-29 Boxer Cross

Santa Clara, California, United States

Boxer Cross, Inc. manufactures in-line monitoring systems that provide users with critical electrical measurement data for controlling semiconductor processes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-30 CenterRun

Redwood City, California, United States

CenterRun, Inc. is a provider of productivity applications for the enterprise data center.

Sell -
Mergr

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