October 12, 2005 – MOSAID Technologies Inc. has announced it has completed the acquisition of Sunnyvale, CA-based Virtual Silicon Technology Inc., an established supplier of semiconductor intellectual property (SIP) for US$5.35 million. In addition, a percentage of the business’ operating profit over an 18 month period, ending March 31, 2007, will be paid to current shareholders of Virtual Silicon.
Virtual Silicon, founded in 1997, offers complete SIP solutions including standard cell libraries, basic and application specific I/Os, memory compilers and programmable phase locked loops (PLLs). The company licenses its silicon proven SIP products to manufacturers and designers of complex system-on-chip (SOC) semiconductors.
MOSAID will continue to operate the Virtual Silicon business in Sunnyvale, California, with its full staff complement of 24 employees. Existing Virtual Silicon products will continue to be fully supported as the combined teams develop and market new products under the MOSAID brand in the future.