A vendor of electronic design automation (EDA) software,
) recently completed the acquisition of Target Compiler
Technologies. The company's solutionswill strengthen Synopsys'
existing business and enhance its capabilities. Financial details
of the deal were not available.
Target Compiler Technologies is a Belgian developer of
software tools for designing and programming application-specific
instruction-set processors (ASIPs). ASIPs are part of an evolving
design model that consists of custom integrated
circuitry.Thisintegrates into a programmable processor core
andhelps to increase productivity and operational efficiency.
With the acquisition of Target Compiler Technologies, Synopsys
will be able to enhance its ASIP portfolio, helping to increase
the performance, power and flexibility of its solutions. The
acquisition will also bring on board key personnel.
Target's IP Designer, IP Programmer and MP Designer software
tools are perfect for developing ASIPs with improved flexibility
and efficiency and can be used for the development of
next-generation System on Chips (SoCs).
Additionally, the integration of Target Compiler
Technologieswill also provide the company a competitive advantage
over its peers such as
Mentor Graphics Corp.
Apart from this, Synopsys's collaboration with
ARM Holdings plc
) is expected to optimize the performance of its processors.
Collaborations with other intellectual property (IP) suite
providers have also helped the company strengthen its product
portfolio and improve the design quality of its custom integrated
We are positive that the company's recent product launches,
acquisitions and deal wins thatwill boost results, going
forward.Moreover, the unique intellectual properties and global
support provided by Synopsys will likely drive forthcoming
results. The company has a good cash reserve that is necessary
for funding further acquisitions.
However, a challenging technology spending environment and
uncertainty regarding proper time to realize acquisition
synergies are headwinds.
Currently, Synopsys has a Zacks Rank #3 (Hold).
ADVENT SOFTWARE (ADVS): Free Stock Analysis
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