15th Jun 2007 07:02
Arc International PLC15 June 2007 Financial Contact: Media Contact:Juliet Clarke Lee Garvin FlanaginFinancial Dynamics ARC International+44 20 7269 7200 +1 408 437 [email protected] [email protected] ARC Acquires Tenison to Speed Time to Market Of Customers' Complex SoC Designs; Establishes Cambridge Engineering Center New Products Will Model and Simulate ARC(R) Customers' Chips That Integrate ARC with Non-ARC Intellectual Property ST. ALBANS, England, June 15, 2007 - ARC International (LSE: ARK) todayannounced that it has acquired Tenison Technology EDA, Limited, a privately heldcompany that is a leading provider of software tools used to help developsystem-on-chip (SoC) designs. Its customer list includes "Tier 1" companiessuch as Broadcom, Freescale, and Renesas. The acquisition includes fifteen keymembers of Tenison's engineering team, patents, and products such as the VTOCTMsoftware suite and IP eXchange technology. The acquired products will provide highly accurate models of ARC's configurableprocessors and multimedia subsystems. Moreover, they will allow customers tosimulate virtually all logic on any ARC-BasedTM chip, including those usingnon-ARC technologies such as customer-developed intellectual property (IP) andIP from other suppliers like ARM Holdings. Additionally, ARC International announced the establishment of an engineeringcenter in Cambridge, England, and the appointment of Dr. David Greaves to ARC'sOffice of the CTO (Chief Technology Officer). The office's charter is toadvance ARC's technology innovation and leadership in the areas ofconfigurability, multicore SoC design, and software development environments.Dr. Greaves is a faculty member and lecturer at the University of CambridgeComputer Laboratory, a founder of Virata, and the founder and chief scientist ofTenison; he is a technology advisor to companies such as AT&T and BT (BritishTelecommunications). Founded in 1999 from work originating at Cambridge University, Tenison'sadvanced modeling, simulation, and verification products help chip designersaccurately predict critical metrics of an SoC before the design is sent formanufacture. This speeds chip development, shortens time to market, and resultsin a more optimized solution. Carl Schlachte, president and CEO of ARC International, said, "SoCs for consumerapplications are increasingly dominated by chips incorporating multipleprocessors along with IP from multiple sources. To address the designchallenges of customers using these technologies, ARC now will provide its own 'Star IP' and software tools along with Tenison's technology to enable customersto create power-efficient, high performance, and low cost SoCs. This willenhance ARC's ability to service customers using ARC subsystems and cores aspart of an SoC design that includes other design components." The consideration will be £1 million in cash. The acquisition may have a costimpact of up to £350,000 on ARC's financial year 2007 operations. For the yearended December 31, 2006 Tenison reported a net loss of £1.4 million. Its grossassets as of May 31, 2007 were £275,000. Under the terms of the UKLA listingrules this acquisition is a Class 2 transaction and does not require shareholderapproval. # # # About ARC International plcARC International is the world leader in configurable media subsystems and CPU/DSP processors. Used by over 140 companies worldwide, ARC's configurablesolutions enable the creation of highly differentiated system-on-chips (SoCs)that ship in hundreds of millions of devices annually. ARC's patentedsubsystems and cores are smaller, consume less power, and are less expensive tomanufacture than competing products. ARC International maintains a worldwide presence with corporate and research anddevelopment offices in California and St. Albans, UK. For more informationvisit www.ARC.com. ARC International is listed on the London Stock Exchange asARC International plc (LSE: ARK). ARC and the ARC logo are trademarks or registered trademarks of ARCInternational. All other brands or product names contained herein are theproperty of their respective owners. This press release may contain certain"forward-looking statements" that involve risks and uncertainties, including thedevelopment, implementation, and release of features described herein. Theseare at the sole discretion of ARC International. For other factors that couldcause actual results to differ, visit the company's Website as well as thelisting particulars filed with the United Kingdom Listing Authority and theRegistrar of Companies in England and Wales. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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