US-based Obsidian specializes in verification and validation used in the design of complex processors.
According to a statement ARM is hopeful the union will drive its verification strategies to match the rate of change in its high performance, complex SoC IP components.
‘The technology and people that will come with this acquisition are a significant addition to our capabilities in maximising quality and reducing time to market of ARM based SoCs,’ says Mike Inglis, general manager and executive vice president, Processor Division, ARM.
‘Obsidian Software has a long history of building advanced verification tools for the ARM architecture and enabling ARM partners,’ adds Eric Hennenhoefer, president of Obsidian Software.
‘The ARM ecosystem will be extended by the addition of Obsidian Software’s verification solutions, which will accelerate the success of the ARM architecture in the marketplace.’
Round-up of today’s M&A deals
- Capital One Financial Corp climbs the US banking ladder by acquiring ING Groep NV’s US online bank
Value: £5.57 million
Advisers: Morgan Stanley, Barclays Capital, Centerview Partners, Wachtell, Lipton, Rosen and Katz, Mayer Brown, Loyens & Loeff, Deutsche Bank
- DTZ Investment Management has acquired from Aberdeen Asset Management and Liverpool Victoria two new sites: St John’s Retail Park, in Wolverhampton, and Swallowgate Business Park, in Coventry.
Value: £70 million
Advisers: Griffiths Eccles, DTZ
- Bridgewater Systems bought by global customer experience systems innovation firm Amdocs
Value: £133.11 million
Advisers: Jefferies & Company
- QIAGEN in negotiations to purchase 47 per cent stake in Ipsogen
Sector: Health and Technology
Value: £62.4 million
Advisers: Rothschild and Kempen, Darrois Villey Maillot Brochier