Cadence Design Systems has entered into a definitive agreement to acquire Jasper Design Automation, a provider of formal analysis solutions, for approximately $170 million in cash. Jasper is a market and technology leader in the fast-growing formal analysis sector, providing multiple verification solutions (Verification Apps) built on the JasperGold platform.
Jasper’s customers include many of the top systems, semiconductor and IP companies, which are also Cadence customers, and they are increasingly adopting formal analysis to complement traditional verification methods, so as to better address the challenges associated with verifying increasingly complex and flexible IP designs and systems-on-chip (SoCs). With verification representing over 70% of the cost of developing a system-on-chip, it has become the top system and SoC development challenge and is the critical factor for time-to-market.
According to Cadence Jasper’s technology strengths are highly complementary to its System Development Suite, which has been the standard bearer for integrated system verification solutions since 2011. The combination will expand differentiation of the industry’s strongest and broadest system verification platform, and will be tightly integrated with Cadence’s common debug analysis, formal and semi-formal solutions, simulation, acceleration, emulation and prototyping platforms, while leveraging its unified verification planning and metric-driven verification flow. In addition, the combination of extensive dynamic and formal VIP portfolios will be particularly well suited to enable embedded processor system verification.
“Jasper’s products are recognised as the technology leaders in formal analysis, targeting complex verification challenges and increasing overall verification productivity,” said Charlie Huang, senior vice president of the System & Verification Group and Worldwide Field Operations at Cadence. “Its formal analysis solutions are used by customers today alongside Cadence’s metric-driven verification flow to form a broad verification solution.”
The combination of Jasper and Incisive Formal technologies and expertise will result in the most complete formal and semi-formal offerings in the industry. With its broader verification portfolio and worldwide field team, Cadence has the opportunity to accelerate the expansion of the emerging formal analysis sector as more mainstream customers adopt Verification Apps for IP and SoC development.
Commenting Kathryn Kranen, president and CEO of Jasper said, “The verification technologies, when combined, will benefit customers through a comprehensive metric-driven verification approach that unites formal and dynamic techniques, realizing the strength of each and leveraging the integration between them.”