Magma Design Automation was a software company in the electronic design automation (EDA) industry. The company was founded in 1997 and maintained headquarters in San Jose, California, with facilities throughout North America, Europe, Japan, Asia and India.
Magma software products were used in major elements of chip development, including: synthesis, placement, routing, power management, circuit simulation, verification and analog/mixed-signal design.
Magma's annual revenue regularly ranked fourth-highest among companies in the EDA industry. As of 2012, major competitors were Cadence Design Systems, Synopsys and Mentor Graphics.
On November 30, 2011, Magma and Synopsys announced they had entered into a definitive agreement by which Synopsys would buy Magma for $507 million US$. The merger was finalized on February 22, 2012 with the cash value of transaction of about $523 million, or $7.35 per Magma share.
Read more about Magma Design Automation: Key Products, Applications, Notable Acquisitions, Management Team
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