Verisity

Company Overview

Snapshot

Founded in January 1988 by Yoav Hollander, Verisity operated with 11–50 employees, developing electronic design verification systems. The company was acquired by Cadence Design Systems in January 2005.

Business overview

Verisity specializes in providing technologies and software products designed for the verification of electronic systems and complex integrated circuits. The company's solutions cater to the communications, computing, and consumer electronics markets worldwide, operating within the Industrial Technologies sector with a focus on chips design and semiconductors.

Strategic signal

In January 2005, Verisity was acquired by Cadence Design Systems for $285 million, as reported by EETimes. This acquisition marked a significant consolidation in the electronic design automation industry, integrating Verisity's verification expertise into Cadence's broader portfolio and signaling a strategic move to enhance offerings in the semiconductor design space.

Company Intelligence Q&A

When was Verisity founded?

Verisity was founded in January 1988 by Yoav Hollander.

What is Verisity's primary business?

Verisity provides technologies and software products for verifying the designs of electronic systems and complex integrated circuits for various global markets.

When was Verisity acquired?

Verisity was acquired by Cadence Design Systems in January 2005.

What was the reported acquisition amount for Verisity?

Verisity was acquired by Cadence Design Systems for $285 million in January 2005.

What product did Verisity launch in December 1999?

In December 1999, Verisity launched SureLint, a next-generation lint checker. This product was designed to improve the verification process for electronic systems and complex integrated circuits.