O'Melveny Represents NextOp Software in Sale to AtrentaJune 22, 2012 FOR IMMEDIATE RELEASE
O’Melveny & Myers LLP
O’Melveny & Myers LLP
SILICON VALLEY, CA ─ JUNE 22, 2012 ─ O’Melveny & Myers LLP represented NextOp Software Inc., a leading provider of assertion synthesis technology, in its acquisition by Atrenta Inc., a provider of software to increase efficiency for semiconductor and consumer electronics companies. Terms of the deal were not disclosed.
O’Melveny’s Silicon Valley team was led by partner Brian Covotta, and included associates Sue K. Lai and Sri Devi Venkatasamy.
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With approximately 800 lawyers in 15 offices worldwide, O'Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.
The following press release was issued by Atrenta Inc.:
Atrenta Accelerates Growth in Front End Design with Acquisition of NextOp Software, Inc.
SAN JOSE, Calif - June 20, 2012 - Atrenta Inc., a leading provider of SoC Realization solutions for the semiconductor and electronic systems industries, today announced that it has acquired NextOp Software, Inc., a leading provider of assertion synthesis technology. Atrenta’s products focus on improving efficiency and reducing cost for the design of complex semiconductor IP and system-on-chip (SoC) devices while NextOp’s products focus on improving efficiency and reducing cost for the functional verification of IPs and SoCs. The combination of both company’s products creates a more complete SoC Realization platform.
The acquisition of NextOp allows Atrenta to expand its de-facto standard SpyGlass® register transfer level (RTL) platform to include functional verification - an important and costly component of advanced SoC design. Utilizing patented static and formal analysis techniques, the SpyGlass platform currently provides RTL design efficiency improvements in the areas of linting, clock synchronization, power optimization, testability, timing constraints and physical routing congestion. The SpyGlass platform will now be expanded to include functional verification support using NextOp’s patented dynamic assertion synthesis technology, resulting in verification efficiency improvements for semiconductor and consumer electronics developers.
“The addition of NextOp’s functional verification technology will give our customers a distinct advantage by providing complete coverage of front end design activities,” said Dr. Ajoy Bose, chairman, president and CEO of Atrenta. “Atrenta’s customers have come to rely on SpyGlass to verify a broad range of design intent, but functional verification was a missing part of our platform. NextOp’s assertion synthesis completes this part of our offering – Atrenta customers will now have added confidence that their designs will work as expected while meeting schedule and performance requirements. We are very excited to bring these innovative solutions and the resulting expanded benefits to our large customer base.”
“Atrenta is one of the largest private EDA companies,” said Dr. Yunshan Zhu, president and CEO of NextOp Software. “NextOp has pioneered assertion synthesis technology. Our tool is now widely deployed in production at multiple tier 1 customers – many of whom also use SpyGlass. Atrenta’s world-class field operation will further accelerate the mainstream adoption of assertion synthesis.”
“I’ve heard good things about NextOp’s verification technology from some impressive customers – the combination of Atrenta’s RTL design and NextOp’s RTL verification technology will improve the entire SoC Realization process,” said Jim Hogan, EDA industry veteran and private investor. “I’m also glad to see private/private acquisitions like this happening again after such a long dry spell. Atrenta could be leading a trend in renewed growth for the EDA sector.”
“With the acquisition of Magma there has been renewed talk about a roll-up in the middle of the EDA community,” said Gary Smith, founder and chief analyst for Gary Smith EDA. “The most obvious candidates are the RTL sign-off tool vendors, and the most talked about driver, of the roll-up, has been Atrenta. This could be the start of something big, and NextOp was an excellent place to start.”
NextOp’s BugScope assertion synthesis tool will be sold and supported by the combined Atrenta/NextOp worldwide field organization. Dr. Yunshan Zhu will assume the role of vice president, new technologies reporting to Dr. Ajoy Bose. Dr. Yuan Lu, co-founder and CTO of NextOp will assume the role of chief verification architect reporting to Dr. Zhu. Financial terms of the transaction were not disclosed.
Atrenta’s SpyGlass® Predictive Analysis software platform significantly improves design efficiency for the world’s leading semiconductor and consumer electronics companies. Patented solutions provide early design insight into the demanding performance, power and area requirements of the complex system on chips (SoCs) fueling today’s consumer electronics revolution. More than two hundred companies and thousands of design engineers worldwide rely on SpyGlass to reduce risk and cost before traditional EDA tools are deployed. SpyGlass functions like an interactive guidance system for design engineers and managers, finding the fastest and least expensive path to implementation for complex SoCs. SpyGlass from Atrenta: Insight. Efficiency. Confidence. www.atrenta.com
About NextOp Software
NextOp Software, Inc. is focused on delivering assertion-based verification solutions that allow design and verification teams to uncover bugs, expose functional coverage holes, and increase verification observability. NextOp’s BugScope assertion synthesis is the first product to automatically generate whitebox assertions and functional coverage properties in SVA, PSL and Verilog formats. BugScope’s properties are used to drive progressive, targeted verification via robust, executable design specifications for existing simulation, formal and emulation flows. The company is headquartered at 2900 Gordon Avenue, Suite 100, Santa Clara, CA 95051. For more information, visit www.nextopsoftware.com or call +1 408-830-9885.