VIEWLOGIC SYSTEMS COMPLETES ACQUISITION OF VANTAGE ANALYSIS SYSTEMS, INC.
MARLBORO, Mass., Dec. 16 /PRNewswire/ -- Viewlogic Systems, Inc. (NASDAQ-NMS: VIEW), a developer of design automation (EDA) software tools, today announced that it completed the previously announced acquisition of Vantage Analysis Systems, Inc., as scheduled on December 15. Vantage, based in Fremont, California, develops and markets simulation and verification products based on the VHSIC Hardware Descriptive Language ("VHDL") for the computer-aided engineering market for electronics. As previously reported, Viewlogic issued 1,800,000 shares of its Common Stock to Vantage shareholders in exchange for all Vantage's equity and Vantage became a wholly-owned subsidiary of Viewlogic. The former Vantage securityholders will hold approximately 12.6 percent of Viewlogic's outstanding voting securities (based on Viewlogic's outstanding shares at Oct. 31, 1992 and assuming no exercise of Viewlogic's outstanding options). The shares of Viewlogic Common Stock issued to Vantage shareholders were issued pursuant to Section 3 (a) (10) of the Securities Act of 1933, as amended. Founded in 1984, Viewlogic Systems, Inc., develops and markets the Powerview and Workview (TM) 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. -0- 12/16/92 /CONTACT: Ronald R. Benanto of Viewlogic Systems, Inc., 508-480-0881; Chester Lasell of Sharon Merrill Associates, 617-262-1800, for Viewlogic/ (VIEW)
CO: Viewlogic Systems, Inc. ST: Massachusetts IN: CPR SU: TNM
CH -- NE004 -- 7588 12/16/92 09:22 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Dec 16, 1992|
|Previous Article:||MACROCHEM RAISES $5.7 MILLION IN NEW FINANCING|
|Next Article:||THERMO INSTRUMENT RECEIVES $1.2 MILLION FOLLOW-ON ORDER FOR PERSONNEL CONTAMINATION MONITORS|