MatrixOne Expands Electronics Reach with Synchronicity Buy
The product lifecycle management software developer is acquiring Synchronicity, which develops software that enables semiconductor manufacturers to reuse intellectual property.To better enable design reuse and collaboration, product lifecycle management software developer MatrixOne announced over the weekend its acquisition of Synchronicity for $18 million in stock and cash. Synchronicity Software Inc., of Marlborough, Mass., develops software that enables semiconductor manufacturers to reuse intellectual propertyin other words, the design content, test features and documentation that form the semiconductor building blocks. The acquisition is the first step in MatrixOne Inc.s expansion plans in the global electronics industry, officials said.
The acquisition will enable the Westford, Mass.-based company to provide Synchronicitys design reuse and collaboration software to its customer basefunctionality it was not able to provide in the past.