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Magma Design Automation  (Stock symbol: LAVA ) Acquired by Synopsys (2011 $ 507,000,000 )

1650 Technology Drive
San Jose, CA 95110
Website Company Summary Management Team

Outside board: (May no longer be on the board) Kevin C Eichler (Mips Technologies CFO) Susumu Kohyama (Toshiba Ceramics President/CEO) Govind Kizhepat (Qlogic VP Business Development) David Sugishita (Magma Design Automation Director);  Thomas M Rohrs (Applied Materials) Chester J Silvestri (ParthusCeva CEO)

Business description: Magma Design Automation is one of the largest, fastest-growing providers of electronic design automation (EDA) software. Magma products are used by the world's major semiconductor manufacturers to design the most complex, high-performance integrated circuits being made today. The company was founded in 1997 – for some company milestones, see "Magma History" – on the concept of combining logic design and physical design into a single system to better address emerging deep submicron design challenges. Magma is also the first to combine analog and digital design into a single platform. Unlike other solutions, Magma tightly integrates mixed-signal implementation with digital implementation, circuit simulation, transistor-level extraction and verification – providing a quantum leap in efficiency and productivity for analog designers. To create and deliver the best EDA software products and solutions, encompassing IC design from concept to completion, enabling our customers' commercial success.
Customers include: 3DlabsAarohi CommunicationsAgere SystemsBroadcomCentillium CommunicationsChrontelCisco SystemsClearSpeed TechnologyeSiliconFlexFoundries HoldingsFujitsuHitachi, Ltd.Infineon TechnologiesInfrant TechnologiesIntersilMarconiMatsushitaNECNuCORE Technology NVIDIARedback NetworksSun MicrosystemsTexas InstrumentsToshiba TSMC Vitesse Semiconductor;  Acxtel;  Airgo;  Avici Systems;  Conextant;  Enuclia Semiconductor ;  Internet Machines;  Legerity;  MediaWorks;  Mobilian;  MultiLink Technology;  NEC Electronics America;  ON DEMAND Microelectronics;  Skike Technologies;  Wipor;  Xellink Communications
Partners include: AtrentaCadence Design SystemsExtreme DA Inovys LogicVisionMentor GraphicsNassdaOpen-SiliconSequence DesignSynopsysVeriSilicon;  Anna University ;  Cadabra;  Chinese Academy of Sciences;  Cynapps;  Forte DesignSystems;  LavaLogic;  Prolific;  SMIC ;  Verplex

Rounds: 5
Recent Fundings:    Aug 2001
Capital raised: 113.0M
Ownership: Acquired by Synopsys (2011 $ 507,000,000 )
Stock Symbol: LAVA
Angels/other VCs: George T Haber (CrestaTech);  Rajesh Parekh (Sun Microsystems CTO)
Corporate investors: Cisco SystemsIntel CapitalSumitomo;  Hyundai

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Record updated: Nov 2011
Sector: Software
Year Founded: 1997
Headcount: 601-700 as of Mar 2010
Rounds: 5
Recent Fundings:    Aug 2001
Capital Raised: 113.0M
Ownership: Acquired by Synopsys (2011 $ 507,000,000 )
Stock Symbol: LAVA