Cadence to buy Evatronix
The firm’s IP includes interfaces for USB 2.0/3.0, display and MIPI, plus storage controllers and processor cores.
“Evatronix’ controllers combined with PHYs from Cadence will enable a complete interface IP solution that combines verification IP and integration kits,” said Cadence. “The acquisition is expected to close in the second quarter of 2013, and is not expected to have a material impact on Cadence’s balance sheet or second quarter or fiscal 2013 results of operations.”
Terms of the transaction were not disclosed.
“As well as Evatronix’ IP, we are acquiring a strong development team, which is very important,” said Martin Lund, v-p SoC realisation business at Cadence.
Evatronix claims to have 600 customers, and to have licenced nearly 200 USB controllers, including controllers to “several top-tier semiconductor companies”.