PARIS Paris-based Magillem SA announced it has raised $1.5 million in a secondary public offering (SPO) on the Euronext Paris Free market led by Arkeon Finances.
Magillem said the proceeds will serve to accelerate international deployment and advanced R&D projects with selected IDM customers.
Magillem claimed that it provides a scalable platform solution that covers design flow challenges in a context where complexity, interoperability and IP reuse are becoming critical issues to manage design cycle time of complex systems.
At this year's DAC in Anaheim, Calif., Magillem has unveiled Crystal Bulb for advanced platform assessment.
Crystal Bulb, the company claimed, is an analysis tool of virtual platforms' power and timing at ESL or RTL, built and validated with two major IDM players, and designed to facilitate the propagation of the characteristics (Power, timing constraints, and operation security constraints), reassemble blocks or sub systems, as well as update the timing specifications and requirements for a virtual block.
Crystal Bulb is expected to be released mid-Sept.
Magillem said it will close its fourth fiscal year on June 30 and expects to publish a 20-percent growth and a profit for the fourth successive year.
Magillem was founded in Nov. 2006 and is public since Nov. 2009. Its customers include Texas Instruments, STMicroelectronics, ST-Ericsson, Qualcomm, NXP, Lexis Nexis, ESA, Thales, EADS.