Synopsys acquires CoWare, a supplier of software and services for electronic systems design. When completed, the acquisition will expand Synopsys' portfolio of system-level design and verification products used in wireless, consumer and automotive design. The transaction is subject to customary closing conditions, including HSR (Hart-Scott-Rodino) review, and is expected to close within Synopsys' second quarter of fiscal year 2010. The terms of the deal are not being disclosed.
Synopsys ended 2009 with a turnover of 1.360 billion US$ and a net profit of 167.7 million US$.