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Synopsys Completes Acquisition of PikeTec GmbH
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SUNNYVALE, Calif., Aug. 23, 2023 /PRNewswire/ -- Synopsys, Inc. (NASDAQ: SNPS)
today announced it has completed the acquisition of PikeTec GmbH. PikeTec is one
of the leaders in solutions for the testing and verification of automotive
software for control unit systems.

The emergence of software-defined vehicles (SDVs) is accelerating the rapid
growth of electronics content in vehicles that manage its operations,
functionality, and features primarily or entirely through software. The growing
complexity of SDV systems, comprised of software, sensors, computing, and
mechatronic functionality, is compounding the test and verification effort
required, and rapidly becoming the biggest challenge for automobile
manufacturers and their suppliers in getting a SDV to market.

"As the automotive industry evolves towards software-defined vehicles, so does
the need for more efficient and effective software testing methods," said Jens
Lüdemann, CEO at PikeTec. "Joining Synopsys reflects our commitment to enable
automotive OEMs with the most comprehensive virtualization and testing solutions
that help them scale to deliver high quality software." 

PikeTec test automation tools enable intuitive and flexible testing across all
phases of development and simulation environments ranging from Model-in-the-Loop
(MiL) to Vehicle-in-the-Loop (ViL). As the volume and complexity of software
increases, it is pushing testing of automotive software to earlier stages of
product development with models, software, and processors in virtual
environments. The combination of Synopsys' leading Software-in-the-Loop (SiL)
and virtual hardware solutions with PikeTec's test automation tools and services
offers automotive companies a strong solution to bring SDVs to market faster,
safer, and more secure.

"Many automotive OEMs have adopted PikeTec's software testing and verification
solutions to address the rapidly increasing software content and complexity as
they move towards software-defined vehicles," said Ravi Subramanian, general
manager of the Systems Design Group at Synopsys. "Combining the expertise of
Synopsys and PikeTec will enable us to bring to market innovative virtualization
and testing solutions that directly address our customers' challenges as they
shift left in software development and verification."

The terms of the deal, which are not material to Synopsys financials, are not
being disclosed.

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative
companies developing the electronic products and software applications we rely
on every day. As an S&P 500 company, Synopsys has a long history of being a
global leader in electronic design automation (EDA) and semiconductor IP and
offers the industry's broadest portfolio of application security testing tools
and services. Whether you're a system-on-chip (SoC) designer creating advanced
semiconductors, or a software developer writing more secure, high-quality code,
Synopsys has the solutions needed to deliver innovative products. Learn more
at www.synopsys.com. 

Forward-Looking Statements

This news release contains forward-looking statements, including, but not
limited to, statements regarding the expected benefits of the transaction.
Forward-looking statements are subject to both known and unknown risks and
uncertainties that may cause actual results to differ materially from those
expressed or implied in the forward-looking statements. These risks and
uncertainties include, among others: Synopsys' ability to operate or integrate
PikeTec's assets and employees with its own successfully, which may include a
potential loss of customers, key employees, partners or vendors; and uncertain
customer demand for PikeTec's solutions. Other risks and uncertainties that may
apply are set forth in the Risk Factors section of Synopsys' most recently filed
Quarterly Report on Form 10-Q. Synopsys assumes no obligation to update any
forward-looking statement contained in this news release.

Cara Walker
Synopsys, Inc.
(650) 584-5000
cara@synopsys.com
corp-pr@synopsys.com 





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