Synopsys Buys Chip Design Software Firm

It adds ArchPro's chip tools.
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Synopsys

(SNPS) - Get Report

acquired

ArchPro Design Automation

, a Milpitas, Calif.-based software firm.

Terms of the deal were not disclosed. Synopsys shares were recently off trading down 23 cents, or 0.9%, to $26.80.

ArchPro sells software tools that verify power management designs of multi-voltage chips, before fabrication at 90 and 65 nanometers. Electronic design automation software developer Synopsys provides tools for low-power designs.

ArchPro was founded in 2005 with funding from Intel Capital and Sage Technology Ventures. STV's Pratap Reddy, a former Synopsys executive, is ArchPro's CEO and chairman.