SAN JOSE, Calif. User reactions were mixed but generally positive toward Cadence Design Systems' pending $285 million acquisition of testbench generation and emulation tool vendor Versity Ltd., according to a survey posted on EDA tool user Web site Deepchip.com.
John Cooley, moderator of Deepchip.com and the E-mail Synopsys Users Group (ESNUG), submitted survey questions last week after the merger was announced and released the results of the report Wed. (Jan. 19). The report is comprised of Cooley's analysis and responses from 152 survey respondents' 115 of which are EDA users, 11 consultants, 18 EDA employees and eight "Wall Street watchers."
The report was prompted when Cadence and Verisity released few details regarding the merger. Both companies are observing a quiet period prior to releasing earnings, but Cadence is expected to discuss the merger in great detail during its Feb. 3 earnings call.
Lacking immediate clarification from Cadence last week, users were left wondering if Verisity's tools and more so its proprietary "e" testbench generation language will survive under Cadence.
In the survey, eleven users voiced concern that the Verisity tools could disappear or lose strength under the larger Cadence and three feared Cadence would shelve "e" in favor of SystemVerilog.
"As an EDA user it looks like a bad thing to me," wrote one anonymous user in the survey. "Verisity produced a pretty good product and supported it pretty well. Now it will disappear into the Cadence black hole."
Conversely, 11 users were positive about the merger and another 4 vaguely happy
about the merger, arguing that Specman Elite, "e," and the Axis hardware assisted verification tools would likely thrive when paired up with Cadence's verification tool line up and sold by Cadence's large sales force.
The report suggests users' biggest fear is that support
of Verisity tools will falter under Cadence.
As expected, respondents representing the EDA industry were generally critical of the acquisition, while financial analysts were positive on the acquisition, noting the 60 percent plus premium Verisity investors stand to gain from the pending acquisition.