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GrowthPoint acted as Exclusive Financial Advisor to HPL on its Acquisition by Synopsys

Tags: #Deep Tech

MOUNTAIN VIEW, CA – Synopsys, Inc. (NASDAQ: SNPS), a world leader in semiconductor design software, today announced it has completed its acquisition of HPL Technologies, Inc. (OTC: HPLA.PK), a leader in yield management software and test chip solutions. The acquisition makes Synopsys the first electronic design automation (EDA) company with a comprehensive design-to-silicon flow that links directly into the semiconductor manufacturing process. Synopsys acquired HPL in an all-cash deal valued at approximately $13 million, or $0.30 per share.

A key benefit of the HPL acquisition is that it gives Synopsys direct access to the yield data needed to reduce systematic defectivity. By extending Synopsys’ process solutions directly into the fab, Synopsys can help customers accelerate the introduction of new designs by significantly reducing the time it takes to get from concept to manufacturing.

About Synopsys

Synopsys, Inc. is a world leader in EDA software for semiconductor design. The company delivers technology-leading semiconductor design and verification platforms and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at http:/www.synopsys.com .