Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA Industry

Core Insights - Altair has announced a definitive agreement to acquire Metrics Design Automation Inc., a Canadian company specializing in simulation as a service (SaaS) for semiconductor electronic functional simulation and design verification [1][2] - The acquisition aims to enhance Altair's offerings in the electronic design automation (EDA) and semiconductor sectors by integrating Metrics' digital simulator, DSim, with Altair's existing Silicon Debug Tools [1][3] Group 1: Acquisition Details - The acquisition is subject to customary closing conditions [1] - Metrics' DSim will provide a cloud-based simulation environment that is expected to make EDA design tools more affordable and accessible for companies looking to scale simulations [1][2] Group 2: Product Capabilities - The combined solution allows for flexibility in deployment, enabling users to run simulations as a desktop application, on their own servers, or in the cloud [2][3] - DSim supports System Verilog and VHDL RTL for digital circuits, facilitating concurrent and large-scale simulations, which can significantly reduce time and costs in the design cycle [2] Group 3: Leadership and Market Position - Joe Costello, the executive chairman of Metrics, is recognized as a pioneer in the EDA industry, having previously led Cadence Design Systems to over $1 billion in annual revenues [4] - The acquisition positions Altair as a provider of a modern, scalable design verification solution, catering to the needs of engineers in the semiconductor industry [4]