Mooreland Partners Advises Target Compiler Technologies NV on Sale to Synopsys Inc.
Leuven, Belgium / Mountain View California — February 18, 2014 — Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to Target Compiler Technologies NV (“Target”) on its sale to Synopsys Inc. (“Synopsys”) (NasdaqGS:SNPS).
Target Compiler Technologies offers software tools for the design of advanced multicore systems-on-a-chip (SoCs). Target’s IP Designer™ product is the leading tool-suite that enables and accelerates the design, programming and verification of application-specific processor cores (ASIPs). Target’s MP Designer™ product is a tool-suite for software parallelization on multicore SoC architectures. These tools are ideally suited for SoC designs in markets that mandate low silicon cost, low energy consumption, and flexibility to accommodate post-manufacturing changes. Target’s tools have been used by customers around the globe to design SoCs for wireless systems, audio/video/image/graphics processing, automotive systems, industrial control, security, network infrastructure, hearing instruments, and personal healthcare systems. Target, a spin-off of IMEC, is headquartered in Leuven, Belgium, with North American operations in Boulder, Colorado.
Synopsys is a leader in electronic design automation (EDA) and semiconductor IP. Synopsys delivers software, IP and services to help engineers address their design, verification, system and manufacturing challenges. Synopsys is headquartered in Mountain View, California. The acquisition of Target strengthens Synopsys’ existing ASIP tools portfolio while bringing a world-class team of ASIP experts into the company.
The sale of Target marks the fifth publicly announced transaction advised by Mooreland since the start of 2014 and further strengthens Mooreland’s leading position in M&A advisory to the electronics value chain.