Synopsys Company History Timeline
After building the initial prototype, the company relocated to Mountain View, California, renaming itself Synopsys (SYNthesis OPtimization SYStems). In 1987, EDA entrepreneur Harvey Jones became president and CEO of the company, leaving Daisy Systems, where he had been president, CEO, and cofounder.
In 1987, Synopsys' revenues were $130,000.
Hubbard and Ordy served as employees of Zycad Corp. and Endot, a company acquired by Zycad, before founding Seed Solutions in 1988.
An even more dramatic increase occurred in 1989, when revenues skyrocketed by another 700 percent, to $7.3 million.
The company entered the 1990s with a 204 percent increase, ending fiscal 1990 with $22.1 million in revenues.
In 1991, Synopsys ended its fiscal year with a 55 percent increase in sales, and revenues of $40.5 million.
Although clearly the industry leader, Synopsys faced its first real competitive challenge in 1992.
Since capital budgets were loosening and only approximately 5 percent of electronics designers used HDLs at all in 1992, some companies looked to displace Synopsys.
Amidst talk that the company might be bought by a larger competitor, Synopsys announced that it would go public in the spring of 1992.
Three corporate shareholders sold stock in Synopsys' 1992 initial public offering: Harris Corp., Sumitomo Corp., and Zycad.
Also during the spring of 1992, Synopsys announced that it would link its suite of high-level design tools with Mentor Graphics Corp.'s Falcon framework.
One reason for Synopsys' success in 1992 was a 73 percent increase over the previous year in international revenue.
CoWare development was initiated by the Interuniversity Microelectronics Centre (IMEC) in Belgium as an internal project in 1992.
Profits doubled, reaching $7.1 million, and Synopsys' stock closed at $36.50 in January 1993, 50 times its projected 1993 earnings.
In June 1993, Synopsys joined Sunrise Test Systems in the purchase of a failed company, ExperTest.
To increase the quality of its customer support, in 1993 Synopsys introduced SOLV-IT!, a 24-hour customer service that combined the company's complete design knowledge database with information retrieval technology.
Synopsys signed on as a supporter of a new initiative sponsored by Cadence in early 1993.
In March 1994, Synopsys signed a marketing deal with Quickturn Design Systems, allowing the companies to jointly design and market products and to provide each other with software to speed product integration.
In 1994, Synopsys also began the process of selling its synthesis, VIIDI, simulation, test, and design re-use software and services to Texas Instruments.
The company's acquisition of Logic Modeling in 1994 was driven by de Geus's desire to gain new technology to enter new markets.
In 1995, the company purchased Silicon Architects because of its pioneering involvement in the development of next-generation gate-array technology, cell-based array.
In 1995 Bob Terwilliger took over as ARC's first CEO. He created the company licensing strategy, commercialized the product including the acquisition of Metaware, VAutomation and Precise Software.
Novas Software was a company founded in 1996 by Paul Huang to address the ongoing problem of debugging chip designs.
1997: Approximately $1 billion is spent to acquire Epic Design Technology and Viewlogic Systems.
De Geus realized he needed to develop a new portfolio of technologies and products "to expand beyond being a one-trick pony," as an analyst remarked in a June 1998 interview with Electronic Business.
On January 10, 2000 Numerical Technologies acquired Transcription Enterprises, Inc. primarily known for its CATS software for mask data preparation,
He raised $50 million pre-IPO and took the company public in September 2000, raising an additional $250 million.
In December 2004, Synopsys acquired Nassada Corp., a designer of chip design simulation and analysis software, paying $192 million for the company.
Novas was purchased by Taiwan-based EDA company SpringSoft in May 2008.
Synplicity was listed on Nasdaq until it was acquired by Synopsys for $227 million in a transaction finalized May 15, 2008.
Over the past quarter century, Synopsys has grown from that small, one-product startup to a global leader with more than $1.7 billion in annual revenue in fiscal 2012.
Synopsys Announces FlexEDA for the Cloud!March 30, 2022
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| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Cadence Design Systems | 1988 | $3.6B | 8,900 | 238 |
| IBM | 1911 | $60.5B | 270,000 | 318 |
| Amd | 1969 | $23.6B | 15,500 | 391 |
| Intel | 1968 | $63.1B | 121,100 | 9,000 |
| Rambus | 1990 | $454.8M | 819 | 8 |
| VMware | 1998 | $12.9B | 31,000 | 1,122 |
| Juniper Networks | 1996 | $5.3B | 9,400 | 78 |
| HP | 1939 | $63.0B | 53,000 | 1,350 |
| Xilinx | 1984 | $3.1B | 4,891 | - |
| Lattice Semiconductor | 1983 | $660.4M | 747 | 69 |
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