Synopsys acquires Optical Research Associates

Mountain View, CA--Optical Research Associates (ORA) a provider of optical design software and optical engineering services has been acquired by Synopsys, Inc. (Nasdaq: SNPS), a provider of software and IP for semiconductor design, verification and manufacturing. The terms of the deal, which closed today, are not being disclosed. The acquisition is not expected to be material to Synopsys' results in either fiscal 2010 or 2011.

In a statement the companies said that the addition of privately held ORA's expertise, technology and products will allow Synopsys to move into the rapidly growing markets associated with displays and solid state lighting using light emitting diodes (LEDs), as well as expand into markets such as semiconductor lithography equipment and cameras. This acquisition represents Synopsys' initial move into this space and aligns with the company's strategy to expand its total addressable market into areas that are naturally adjacent to traditional electronic design automation (EDA).

Optical Research Associates software is used to design and optimize applications that require light to be controlled or manipulated. Its software allows engineers to design and optimize the optical components and systems found in products such as cameras, telescopes, semiconductor lithography equipment, projectors, laptop displays, automotive lighting, and solid state lighting using LEDs. Optical components can include items such as lenses, prisms and mirrors, while the systems can include any combination of components necessary to achieve the desired image or image uniformity.

"Optical design is a logical adjacency for Synopsys. The analysis and optimization of optical systems involves the same level of algorithmic and software engineering expertise Synopsys is known to provide," said Howard Ko, senior vice president and general manager of Synopsys' silicon engineering group. "Not only do our companies offer complementary technology and a shared vision, we both have cultures committed to technical excellence and leadership. We believe that together we can provide substantial value to ORA's current customers as well as to growing and emerging markets in solid state lighting and LEDs."

ORA's Engineering Services group reportedly has completed more than 4,800 projects since the company was founded in 1963. Working with its software distribution partners, ORA has customers in more than 25 countries. ORA is located in Pasadena, California, Tucson, AZ and Westborough, Massachusetts.