Synopsys Completes Acquisition of Synplicity, Inc.

Fri May 16, 2008 9:00am EDT

* Reuters is not responsible for the content in this press release.

MOUNTAIN VIEW, Calif., May 16 /PRNewswire-FirstCall/ -- Synopsys, Inc.
(Nasdaq: SNPS), a world leader in software and IP for semiconductor design and
manufacturing, today announced it has completed its acquisition of
Synplicity(R), Inc. (Nasdaq: SYNP), a leading supplier of innovative field
programmable gate array (FPGA) and IC design and verification solutions that
serve a wide range of communications, military/aerospace, semiconductor,
consumer, computer, and other electronic applications markets. The acquisition
expands Synopsys' technology portfolio, channel reach and total addressable
market by adding complementary products and expertise for FPGA solutions and
rapid ASIC prototyping. Synopsys acquired Synplicity for $8 cash per share,
resulting in a gross transaction of approximately $223 million, or
approximately $181 million net of cash acquired.
    As a result of the acquisition, Synopsys has formed a Synplicity Business
Group with Synplicity President and Chief Executive Officer Gary Meyers as its
general manager. Synplicity Co-Founder and CTO Ken McElvain has joined the
group to help architect Synopsys' system level solutions.
    About Synopsys
    Synopsys, Inc. (Nasdaq: SNPS) is a world leader in electronic design
automation (EDA), supplying the global electronics market with the software,
intellectual property (IP) and services used in semiconductor design and
manufacturing.  Synopsys' comprehensive, integrated portfolio of
implementation, verification, IP, manufacturing and field-programmable gate
array (FPGA) solutions helps address the key challenges designers and
manufacturers face today, such as power and yield management,
system-to-silicon verification and time-to-results. These technology-leading
solutions help give Synopsys customers a competitive edge in bringing the best
products to market quickly while reducing costs and schedule risk. Synopsys is
headquartered in Mountain View, California, and has more than 60 offices
located throughout North America, Europe, Japan, Asia and India. Visit
Synopsys online at http://www.synopsys.com/.
    Synopsys is a registered trademark of Synopsys, Inc.  Synplicity is a
registered trademark of Synplicity.  All other trademarks mentioned in this
release are the intellectual property of their respective owners.
     Editorial Contact:
     Yvette Huygen
     Synopsys, Inc.
     650-584-4547
     yvetteh@synopsys.com

     Investor Contact:
     Lisa Ewbank
     Synopsys, Inc.
     650-584-1901

SOURCE  Synopsys, Inc.

Editorial, Yvette Huygen, +1-650-584-4547, yvetteh@synopsys.com, or investors,
Lisa Ewbank, +1-650-584-1901, both of Synopsys, Inc.
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