EX-99.1
2
d447874dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
NEWS RELEASE
Editorial Contacts:
Yvette Huygen
Synopsys, Inc.
650-584-4547
yvetteh@synopsys.com
Investor Contacts:
Lisa Ewbank
Synopsys, Inc.
650-584-1901
Synopsys Completes Acquisition of SpringSoft
MOUNTAIN VIEW, Calif., December 2, 2012
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Synopsys, Inc. (Nasdaq:SNPS), a global leader providing software, IP and services used to accelerate innovation in chips and electronic systems, has completed the acquisition of SpringSoft (TAIEX:2473), a global supplier of specialized IC design
software headquartered in Hsinchu, Taiwan, through a follow-on merger to acquire all of the remaining outstanding shares of SpringSoft. Previously, on October 1, 2012, Synopsys completed a tender offer for approximately 91.64 percent of
SpringSoft's outstanding Shares. As of November 30, 2012, Synopsys is the 100 percent owner of SpringSoft and SpringSoft stock is no longer trading.
The acquisition increases Synopsys' investment in Taiwan by growing local engineering expertise, technology development capabilities and customer support. The combination of SpringSoft's and
Synopsys' technology portfolios will help accelerate delivery of a unified, powerful system-on-chip (SoC) debug platform, and a higher level of automation in custom implementation tools to customers.
Synopsys, through its Taiwan subsidiary, acquired all of the outstanding shares of SpringSoft for NT$57.00 (approximately US$1.95) per SpringSoft share in cash.
The final gross transaction value was approximately US$417 million (NT$12.5 billion), or approximately US$320 million (NT$9.6 billion) net of cash acquired.
About Synopsys
Synopsys, Inc. (Nasdaq:SNPS) accelerates innovation in the global electronics market. As a leader in electronic design automation (EDA) and semiconductor IP, its
software, IP and services help engineers address their design, verification, system and manufacturing challenges. Since 1986, engineers around the world have been using Synopsys technology to design and create billions of chips and systems. Learn
more at www.synopsys.com.
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Safe
Harbor Statement/Forward-looking Statements
This press release contains forward-looking statements, including statements regarding the expected
benefits of the acquisition of SpringSoft. Forward-looking statements are subject to both known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements,
and that are outside Synopsys' control. These risks and uncertainties include our ability to operate or integrate SpringSoft's business and technologies with our own successfully. Other risks and uncertainties that may apply are set forth
in the Risk Factors section of Synopsys' most recently filed Quarterly Report on Form 10-Q. Synopsys assumes no obligation to update any forward-looking statement contained in this press release.

EX - 99 . 1 2 d447874dex991 . htm PRESS RELEASE Press Release Exhibit 99 . 1 NEWS RELEASE Editorial Contacts : Yvette Huygen Synopsys , Inc . 650 - 584 - 4547 yvetteh@synopsys.com Investor Contacts : Lisa Ewbank Synopsys , Inc . 650 - 584 - 1901 Synopsys Completes Acquisition of SpringSoft MOUNTAIN VIEW , Calif . , December 2 , 2012 - Synopsys , Inc . ( Nasdaq : SNPS ) , a global leader providing software , IP and services used to accelerate innovation in chips and electronic systems , has completed the acquisition of SpringSoft ( TAIEX : 2473 ) , a global supplier of specialized IC design software headquartered in Hsinchu , Taiwan , through a follow - on merger to acquire all of the remaining outstanding shares of SpringSoft . Previously , on October 1 , 2012 , Synopsys completed a tender offer for approximately 91 . 64 percent of SpringSoft 's outstanding Shares . As of November 30 , 2012 , Synopsys is the 100 percent owner of SpringSoft and SpringSoft stock is no longer trading . The acquisition increases Synopsys ' investment in Taiwan by growing local engineering expertise , technology development capabilities and customer support . The combination of SpringSoft 's and Synopsys ' technology portfolios will help accelerate delivery of a unified , powerful system - on - chip ( SoC ) debug platform , and a higher level of automation in custom implementation tools to customers . Synopsys , through its Taiwan subsidiary , acquired all of the outstanding shares of SpringSoft for NT $ 57.00 ( approximately US$ 1.95 ) per SpringSoft share in cash . The final gross transaction value was approximately US$ 417 million ( NT $ 12.5 billion ) , or approximately US$ 320 million ( NT $ 9.6 billion ) net of cash acquired . About Synopsys Synopsys , Inc . ( Nasdaq : SNPS ) accelerates innovation in the global electronics market . As a leader in electronic design automation ( EDA ) and semiconductor IP , its software , IP and services help engineers address their design , verification , system and manufacturing challenges . Since 1986 , engineers around the world have been using Synopsys technology to design and create billions of chips and systems . Learn more at www.synopsys.com . # # # Safe Harbor Statement / Forward - looking Statements This press release contains forward - looking statements , including statements regarding the expected benefits of the acquisition of SpringSoft . Forward - looking statements are subject to both known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward - looking statements , and that are outside Synopsys ' control . These risks and uncertainties include our ability to operate or integrate SpringSoft 's business and technologies with our own successfully . Other risks and uncertainties that may apply are set forth in the Risk Factors section of Synopsys ' most recently filed Quarterly Report on Form 10 - Q . Synopsys assumes no obligation to update any forward - looking statement contained in this press release .
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