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- Altair Engineering (NASDAQ:ALTR) to acquire all the outstanding capital stock of Canada-based Metrics Design Automation Inc. for an undisclosed sum.
- Metrics Design Automation specializes in the computer software area, offering a revolutionary simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification.
- The transaction has the potential to expand Altair’s footprint in the EDA industry, particularly with its innovative SaaS model for IC design verification.
- Combining DSim with Altair’s Silicon Debug Tools will provide a world-class simulation environment, enhancing the company’s product offerings.
- The new technology can significantly reduce the time and cost associated with the traditional IC design cycle.
- The company said that the closing of the transaction is subject to customary conditions.