Siemens to acquire venture-backed Solido Design Automation

Siemens AG has agreed to acquire Solido Design Automation Inc. for undisclosed amount. The acquisition is expected to close in early December 2017.

Saskatoon, Saskatchewan based Solido Design Automation is a leading provider of variation-aware design and characterization software to semiconductor companies worldwide. Solido’s machine learning-based products are currently used in production at over 40 major companies, enabling them to design, verify, and manufacture more competitive products than ever before.

Solido Design Automation is backed by Westcap Mgt. Ltd. Managed Golden Opportunities Fund, Investment Saskatchewan, BDC Capital, and private investors. The company’s Series C closed in 2011.

Solido Design Automation will become part of Plano, Texas based Siemens PLM Software, a business unit of the Siemens Digital Factory Division. In March 2017 Siemens acquired Mentor Graphics Corporation (Mentor), an electronic design automation (EDA) software developer.

The acquisition of Solido further expands Mentor’s analog/mixed-signal (AMS) verification portfolio to help customers address the growing challenges of IC design and verification for automotive, communications, data-center computing, networking, mobile, and IoT applications.

“With the acquisition of Mentor we made a large commitment to EDA,” said Tony Hemmelgarn, president and CEO of Siemens PLM Software. “This new acquisition of Solido strengthens that presence and demonstrates our commitment to serving our customers in the IC industry.”

“Solido has become an invaluable partner helping our customers address the impact of variability to improve IC performance, power, area, and yield,” said Amit Gupta, founder, president and CEO of Solido Design Automation. “Combining our technology portfolio with Mentor’s outstanding IC capabilities and market reach will allow us to provide world-class solutions to the semiconductor industry on an even larger scale. We are also excited to contribute to Siemens’ broader digitalization strategy with our applied machine learning for engineering technology portfolio and expertise.”

“The combination of Solido and Mentor’s leading analog-mixed-signal circuit verification products creates the industry’s most powerful portfolio of solutions for addressing today’s IC circuit verification challenges,” said Ravi Subramanian, vice president and general manager of Mentor’s IC verification solutions division. “Solido joins Mentor at an exciting time. Having a power house like Siemens entering EDA is proving to be a true game changer for us.”

photo credit: Solido Design Automation