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Magma Design Automation Inc.

EDA company

LAST UPDATED ON May 27th, 2014

• Founded by: Karen Vahtra in 1997
• Founded by: Hamid Savoj in 1997
• Founded by: Lukas van Ginneken in 1997
• Founded by: Rajeev Madhavan in 1997
• HQ: San Jose, CA, USA
• Type: Company

ACQUISITION:

• Magma Design Automation Inc. acquired Mojave, Inc. in 2004
  • $25 million, half in stock and half in cash
• Magma Design Automation Inc. acquired Moscape, Inc in 2000
  • 1,049,544 shares of our common stock, 581,606 shares of our redeemable convertible preferred stock, options to purchase 278,201 shares of our common stock and warrants to purchase 20,739 shares of our redeemable convertible preferred stock
• Magma Design Automation Inc. acquired Aplus Design Technologies Inc. in 2003
• Magma Design Automation Inc. acquired Silicon Metrics Corporation in 2003
  • $32M
• Magma Design Automation Inc. acquired Random Logic Corporation in 2003
  • $25M
• Magma Design Automation Inc. acquired VeraTest, Inc. in 2002
  • Magma acquired 18.0% of VeraTest, Inc. on April 10, 2002 for $0.2 million and the remainder for $1.6 million in cash later in 2002
• Magma Design Automation Inc. acquired Pleiades Design and Test Technologies Inc. in 2003
  • $0.2 million in cash and up to $.35 million in contingent cash consideration pursuant to a technology milestone.
• Magma Design Automation Inc. acquired FEI - Knights Technology in 2006
  • $2.8 million
• Magma Design Automation Inc. acquired ACAD Corp in 2006
  • $453,000 in cash and assumption of its net liabilities of approximately $3.9 million. Magma said it also agreed to pay up to $5.65 million of cash in contingent consideration to the ACAD shareholders upon achieving or exceeding certain financial and technical milestones.
• Magma Design Automation Inc. acquired ReShape Inc in 2006
  • asset purchase
• Magma Design Automation Inc. acquired Rio Design Automation in 2007
• Magma Design Automation Inc. acquired Sabio Labs in 2008