July 21, 2003
Agere Systems' Jon Fields
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Peggy Aycinena - Contributing Editor

by Peggy Aycinena - Contributing Editor
Posted anew every four weeks or so, the EDA WEEKLY delivers to its readers information concerning the latest happenings in the EDA industry, covering vendors, products, finances and new developments. Frequently, feature articles on selected public or private EDA companies are presented. Brought to you by EDACafe.com. If we miss a story or subject that you feel deserves to be included, or you just want to suggest a future topic, please contact us! Questions? Feedback? Click here. Thank you!

I had a chance to talk to the two sides of the acquisition on Tuesday, July 15th - Cadence Executive Vice President and CMO Penny Herscher and Verplex President and CEO Michael Chang. Verplex is a bigger company than some of the others recently acquired by Cadence, and both Herscher and Chang acknowledge that the choreography of this acquisition is just that much more complex for the 'acquirer' due to the size of the 'acquiree.'

Not surprisingly, both Herscher and Chang say the conversation regarding this merger has been underway “for years,” and now that it's coming to fruition, there is clearly a deep and respectful commitment on both sides to make this one work.

Herscher says that the Verplex Conformal products will be integrated into the Cadence Encounter platform, and that the Verplex BlackTie product will dovetail nicely into the Cadence Incisive platform. Chang agrees, and confidently predicts that his organization can only benefit from the additional sales channels, customer base, and R&D boost that will come its way via Cadence.

Herscher: “It's an exciting merger that will close in the middle of August. Meanwhile, we'll be leaving everyone at Verplex alone for 90 days, while they continue to support their customers and grow revenue. We'll probably move them over to the Cadence campus by the end of the year.”

Chang: “Our people are very excited about the acquisition, which will allow us to sell to a much bigger channel. [Historically], Verplex and Cadence have not been competing in the same space. For our competition, however, the acquisition is going to create a greater challenge for them. I look forward to Penny's support and [appreciate] that we'll be left alone so we can continue to focus [on the technology].”

Herscher: “This is an interesting acquisition as it brings two distinct pieces of technology [in-house]. Verplex Conformal will be integrated into our Encounter digital IC platform and Verplex BlackTie will be integrated into our Incisive verification platform. [Therefore], Michael will have to lead two technical teams and learn two technical architectures to capitalize on the strengths [of the combined product offerings]. Obviously, as Verplex is a much bigger company [than several of Cadence's other recent acquisitions], it's going to be a more complex integration task to accomplish.”

Chang: “Equivalency checking as a methodology and tool has been a bottleneck in the functional verification space. With Cadence endorsing this space, however, now everybody will see that this [technology] will provide a lot of benefit to the industry.”

Herscher: “Per usual, Cadence will be buying the champagne.”

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-- Peggy Aycinena, EDACafe.com Contributing Editor.

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