Date: Tuesday, January 20, 2009
http://irishdev.com
As part of its global expansion strategy, Duolog Technologies, the Collaborative Design Automation company, has acquired the technology and products of UK-based Beach Solutions Ltd in a combined cash and equity deal.
Privately held Beach Solutions is an Electronic Design Automation (EDA) company which offers register management solutions for System-on-Chip (SoC) design. Having raised over £6 million in venture capital funding since it was established in 1998, Beach quickly established itself as a pioneering force in SoC design automation producing innovative products that are used by major semiconductor companies in Europe, US and Asia.
NovaUCD-headquartered Duolog Technologies develops software tools that enable chip design companies to design their products faster, at lower cost and with fewer bugs. Its groundbreaking EDA tools enable the flawless and rapid integration of today's increasingly complex SoC, ASIC and FPGA designs.
Duolog's Socrates chip integration platform employs a modular and extensible suite of tools for IO layer definition, IP packaging, connectivity and register management. The Socrates tools, built on the Eclipse platform and supporting the IP-XACT standard, shorten design cycles, reduce costs and greatly improve design quality through their Perfect-By-Construction methodology.
Duolog currently employs more than 80 people between Dublin and its design centres in Galway and Budapest, Hungary, as well as US and international operations.
As part of its international expansion plans which began in 2008, Duolog opened a sales, marketing and support office in Los Gatos, California and the acquisition of Beach means Duolog has established a significant presence Asian market. Some of the Beach team have been employed to ensure the current Asian customers are hand-held through the transition.
Ray Bulger, (pictured right) is co-founder and CEO of Duolog Technologies. He told IrishDev.com "This is an important and extremely beneficial acquisition for Duolog. We have added valuable functionality to our products, further strengthened our client portfolio and attained an instant presence in the Japanese market, a major global market for EDA software and complex IC design."
He concluded, "The market for EDA tools for chip integration is maturing. As the market embraces IP-centric flows, more and more semiconductor companies are recognising the savings and productivity gains to be made by replacing overstretched, internal CAD solutions with standards-based, scalable, off-the-shelf products.
As the market matures, there will inevitably be consolidation and Duolog, with our award-winning products, is in an excellent position to drive this consolidation."
During the coming year Duolog intends to accelerate sales and to grow its revenues to $15 million.