Siemens expands industry-leading IC verification portfolio through acquisition of OneSpin Solutions
OneSpin Solutions brings powerful IC integrity verification solutions, exceptional know-how, and broad portfolio of automated formal verification apps to Siemens
PLANO, Texas, April 15, 2021 /PRNewswire/ -- Siemens Digital Industries Software has signed an agreement with London-based Azini Capital to acquire OneSpin Solutions, a leading provider of formal verification software that helps ensure integrated circuit (IC) integrity and enables functionally correct, safe, trustworthy and secure IC designs. Headquartered in Munich, OneSpin Solutions has developed a strong, fast-growing business by providing a broad portfolio of formal applications ("apps") for assuring IC designs operate as intended under the most adverse environmental conditions across key growth markets.
Siemens plans to add OneSpin Solutions technology to the Xcelerator™ portfolio as part of its industry-leading suite of electronic design automation (EDA) IC verification offerings.
Automated apps are increasingly critical to successful formal verification flows. Formal apps complement traditional formal techniques and help democratize formal verification processes by automating and dramatically streamlining common verification tasks.
"With the addition of OneSpin Solutions, we can now offer our customers industry-leading know-how, exceptional products and a broad portfolio of automated formal apps for key use-cases, including trust and security, safety, RISC-V and FPGA applications," said Ravi Subramanian, Ph.D., senior vice president, IC Verification, Siemens Digital Industries Software. "The unique combination of Siemens' existing formal products, together with OneSpin Solutions' domain expertise, outstanding app portfolio and 'apps-first' mindset, can enable Siemens to provide customers with increased efficiency and confidence across the complete verification platform (simulation, formal, emulation and prototyping), leading to faster verification, automation and debug."
"OneSpin Solutions has been dedicated to solving the most difficult verification challenges to assure IC integrity. Our unique technology and focus have fueled our record growth across a number of domains including 5G, automotive, datacenter, IoT, and aerospace/defense," said Raik Brinkmann, president and CEO at OneSpin Solutions. "Being part of Siemens will allow us to accelerate technology development and deliver our much-needed solutions to a broader user base with the goal of becoming the market's leading formal verification provider."
Siemens' acquisition of OneSpin Solutions is expected to close in the second quarter of calendar year 2021. Terms of the transaction are not disclosed.
Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing and electronics design meet tomorrow. The Xcelerator portfolio helps companies of all sizes create and leverage digital twins that provide organizations with new insights, opportunities and levels of automation to drive innovation. For more information on Siemens Digital Industries Software products and services, visit www.sw.siemens.com or follow us on LinkedIn, Twitter, Facebook and Instagram. Siemens Digital Industries Software – Where today meets tomorrow.
Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI's unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 76,000 employees internationally.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, which ended on September 30, 2020, the Siemens Group generated revenue of €57.1 billion and net income of €4.2 billion. As of September 30, 2020, the company had around 293,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
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