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Virage Logic to acquire Ingot Systems

Posted: 09 Aug 2007 ?? ?Print Version ?Bookmark and Share

Keywords:SoC ICs? company acquisition? memory compilers? IP building blocks?

Virage Logic Corp. has entered an agreement to acquire privately held Ingot Systems Inc., a provider of critical functional IP and design services. The transaction will close by Aug. 15.

The acquisition will add new products and services required in the rapid development of SoC ICs to Virage Logic's current family of memory compilers, logic libraries and related development tools. In particular, Ingot Systems' silicon proven technology such as integrated DDR1, DDR2, DDR2/3 and MobileSDR/Mobile DDR memory controllers which include a memory controller, PHY and delay locked loop.

"We have seen the need to provide additional IP building blocks to enable successful and timely development of large SoC products," said Dan McCranie, Virage Logic president and CEO. "By bringing Ingot Systems' strong technology teams into our company, we believe we will be providing the initial technological and operational nucleus for Virage Logic to provide a much more comprehensive product and services solution to our customers."

Ingot Systems has 30 employees in Pune, India and Santa Clara, California in the U.S. Employees in the California site will relocate to Virage Logic's Fremont headquarters. The Pune location will retain its employees and the site will establish Virage Logic's second R&D facility in India.




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