EVE, a leading supplier of emulation platforms for SoC verification completed its previously announced sale to Synopsys, Inc. (Nasdaq: SNPS), a global leader providing software, IP and services used to accelerate innovation in chips and electronic systems. EVE will become part of the Synopsys verification business unit. Integrating EVE's technology with Synopsys' best-in-class platform of simulation, debug, verification IP (VIP), coverage, static verification, low power verification, FPGA prototyping and virtual prototyping solutions will give Synopsys customers access to the broadest verification offering in the industry. The terms of the acquisition have not been disclosed. Needham & Company acted as exclusive financial advisor to EVE on this transaction.
EVE, a leading supplier of emulation platforms for SoC verification was founded in April 2000 with the goal of developing a new approach to hardware-assisted verification. The French company said it aimed to make hardware-assisted verification more accessible than ever before--accessible by SoC designers and embedded software developers, accessible throughout the design cycle, and accessible by groups with modest EDA budgets.