VANTAGE ANALYSIS SYSTEMS TO MERGE WITH VIEWLOGIC SYSTEMS
MARLBORO, Mass., Nov. 23, 1992 -- Viewlogic Systems, Inc. (NASDAQ: VIEW), a developer of electronic design automation (EDA) software tools, today announced that it has entered into a definitive merger agreement to acquire Fremont, Calif.-based Vantage Analysis Systems, Inc., the leading provider of full VHDL simulation tools for EDA. VHDL is an increasingly popular, industry-standard method for creating electronic designs. Viewlogic will command the number one position in VHDL design simulation - which according to Dataquest is the fastest-growing segment of the $350 million digital simulation market, and the core technology for top-down design. Simulation is estimated to be the largest sector of the $2 billion EDA industry. Under the agreement, Viewlogic will issue 1,800,000 shares of its common stock to Vantage's shareholders in exchange for all equity interests in Vantage. Vantage will become a wholly-owned subsidiary of Viewlogic under the merger, which will be accounted for as a pooling-of-interests. The closing of the merger, which is subject to approval from the California Department of Corporations and other closing conditions, is anticipated to occur on or before December 15, 1992. "Viewlogic and Vantage are a perfect fit," said Alain J. Hanover, Viewlogic's president and chief executive officer. "We are combining complementary strengths and simulation technologies to form the first and only company providing a fully integrated, high-performance VHDL development environment." VHDL is to electronic circuit design what the C language is to software design - an industry standard. VHDL is mandated by the U.S. government in the design of military electronics, making it one of the most significant technologies in design automation today. Hanover added, "Vantage's rich VHDL capability strengthens the foundation on which we are realizing our vision of an integrated, multi-methodology design environment - one that easily accommodates the many, varied ways electronics companies design products, and helps them increase product performance, reduce design development time and bring innovative products to market faster."
More VHDL Options
"Vantage customers are major beneficiaries of the merger," said Vantage President Ronald A. Abelmann. "Until now, they have had the finest compiled VHDL solution for top-down design. Now with Viewlogic, our customers will also have access to the broadest array of VHDL-based electronic design solutions, encompassing all aspects of the design process from graphical design entry through compiled and interpreted simulation, synthesis and test." Viewlogic expects the integration of Vantage's VHDL-based simulation tools into Powerview TM to be completed in just a few months due to Powerview's excellent integration capability. Powerview, introduced earlier this year, is Viewlogic's UNIX-based high-
performance design automation tool suite and framework.
"This merger brings to Viewlogic all the benefits of Vantage's preeminent position in the critical high end of the VHDL simulation market," Abelmann said. "Coupling Vantage's tools with Viewlogic's high-performance Powerview gives us a compelling solution for advanced VHDL users."
Open, Standards-Based Approach
"Viewlogic and Vantage are the only two companies in our industry with histories of aggressively and proactively implementing EDA standards," Hanover said. "We have always delivered products on multiple computing platforms that enable our customers to create integrated, heterogeneous design environments, rather than forcing them to conform to any one vendor's idea of what is best. This move is the embodiment of our obsessive focus on making design engineers more productive, in turn making our customers more competitive." Once the merger is completed, Vantage will operate as a subsidiary of Viewlogic, maintaining its existing facilities and staff worldwide and continuing all its product development and support operations. Vantage's President, Ron Abelmann, will remain in charge of the organization. The combined organizations will employ approximately 360 people in 28 locations worldwide. Through the first nine months of 1992, Viewlogic reported revenues of $39.4 million, up 33 percent over the prior year period, and earnings of $4.4 million, or $0.34 per share, an increase of 176 percent over the comparable period in 1991. Vantage, a six-year-old privately held company, had sales in the year ending December 31, 1991 of $6.1 million and net income of $516,000. In the first nine months of 1992, Vantage's unaudited financial results included revenue of $6.8 million and net income of more than $1 million. Vantage Analysis Systems, Inc. is the market leader in VHDL simulation. Its Vantage Spreedsheet R is the defacto standard for high-performance VHDL simulation worldwide. Founded in 1984, Viewlogic Systems, Inc. develops and markets the Powerview and WorkviewTM families of high-performance electronic design automation tools for use on UNIX- and DOS-based computers, respectively. Viewlogic's strategy is to provide a high-performance family of tools that can be easily integrated with third-party tools, enabling electronics companies to optimize their massive investments in tools and designs. This strategy has enabled Viewlogic to be one the fastest-growing companies in the EDA market. VHSIC Hardware Description Language (VHDL), is defined as IEEE standard 1076-1987. -0- 11~23~92 ~CONTACT: Ronald R. Benanto, Viewlogic Systems, Inc., 508-480-0881, or Ron Abelmann, president and CEO of Vantage Analysis Systems, Inc. 510-659-0901~ (VIEW)
CO: Viewlogic; Vantage Analysis Systems ST: Massachusetts, California IN: CPR SU: TNM
TM -- NE004 -- 0290 11~23~92 09:21 PST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 23, 1992|
|Previous Article:||PERSEPTIVE BIOSYSTEMS, INC.'S PROCESS DIVISION ANNOUNCES PILOT-SCALE SYSTEM MANUFACTURING AGREEMENT|
|Next Article:||AETNA APPOINTS MICHAEL C. ALEXANDER, VICE PRESIDENT, CORPORATE PUBLIC INVOLVEMENT|