Rocketick Technologies, Ltd.

Company Name:
Rocketick Technologies, Ltd. 
Semiconductors & Semiconductor Capital Equipment 
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Transaction Summary:
Rocketick Technologies, Ltd., an Israel-based pioneer and leading provider of multicore parallel simulation, completed its previously announced sale to Cadence Design Systems, Inc. (NASDAQ: CDNS), a technology company that enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. The terms of the transaction have not been publicly disclosed. Needham & Company acted as the exclusive financial advisor to Rocketick Technologies, Ltd.. 
Company Description:
Rocketick Technologies, Ltd. is an Israel-based pioneer and leading provider of multicore parallel simulation. Rocketick‚Äôs market-leading technology achieves linear speed-up by parallelizing simulation on standard x86-based multicore servers, providing automated partitioning across designs and testbenches, and the flexibility to direct simulations to server farm resources ranging from one to 64 cores. It also provides a significant accuracy advantage and enhanced visibility with four-state logic simulation, and reduces host memory footprint by 2-3X for gate-level designs. 
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