Founded in 1991, Aspec went public in 1998 when it offered 6,000,000 shares at $13 per share. With a total offer amount of $78,000,000
Aspec is a leading provider of merchant semiconductor intellectual property (‘SIP’) solutions for high-performance, complex IC designs, including system-on-a-chip ICs. Aspec’s SIP consists of cell libraries, design tools, design methodologies and related engineering services which, when used in conjunction with EDA tools, simplify the process of designing complex ICs. The Company believes that its SIP provides designers with quick access to cell libraries at a lower cost than internally developed solutions. Aspec’s SIP includes its AdverPro design verification tool which manages the IC design process, enabling EDA tools to exchange data while providing an accurate timing function and helping to ensure compliance with proper design procedures. Aspec’s QuickPort design tool enables an IC designer to more rapidly and economically port a design from one foundry to another to secure alternate sourcing and to enable design reuse for next-generation process technologies.
February 24, 2000 – Aspec Technology, Inc. (Nasdaq:ASPC), a provider of advanced software solutions which dramatically increase design productivity, today announced that it has signed a definitive agreement for the sale of its System Intellectual Property Business consisting of the Company?s library business unit and design centers located in Sunnyvale, California and Longmont, Colorado.
