Mosaid Technologies has completed the acquisition of California-based Virtual Silicon Technology, an supplier of semiconductor intellectual property (SIP). Mosaid has acquired Virtual Silicon for the purchase price of US$5.35 million. In addition, a percentage of the business' operating profit over an 18 month period, ending March 31, 2007, will be paid to current shareholders of Virtual Silicon. Virtual Silicon, founded in 1997, offers complete SIP solutions including standard cell libraries, basic and application specific I/Os, memory compilers and programmable phase locked loops (PLLs). In its fiscal year 2005 the company generated revenues of approximately US$7 million. The 1975 founded Mosaid developes intellectual property and memory test and analysis systems. Mosaid`s revenues for the fiscal year were $49,7 million and net income $37,6 million.