Siemens has signed an agreement to acquire Cambridge-based UltraSoC Technologies, a provider of instrumentation and analytics solutions.
Siemens plans to integrate UltraSoC’s technology into its Xcelerator portfolio, an integrated portfolio of software, services and application development platform.
The tech giant said the addition of UltraSoC enables a data-driven infrastructure that can enhance product quality, safety and cybersecurity, and the creation of a solution to help semiconductor industry customers overcome key pain points.
UltraSoC‘s products are widely used in the automotive, high-performance computing, storage and semiconductor industries.
Siemens’ acquisition of UltraSoC is due to close in the fourth quarter of Siemens’ fiscal year 2020. Terms of the transaction were not disclosed.
“Siemens’ acquisition of UltraSoC means that for the first time our customers can access not just design-for-test, but a comprehensive ‘Design for Lifecycle Management’ solution for system-on-chips, including functional safety, security and optimisation,” said Brady Benware, Tessent Vice President and General Manager, Siemens Digital Industries Software.
“By utilising design augmentation to detect, mitigate and eliminate risks throughout the SoC lifecycle, customers can radically improve time-to-revenue, product quality & safety, and profitability. UltraSoC has a fast-growing business and impressive customer list and, as part of Siemens, can complement Tessent to create a truly unique offering in the market.”
The combination of Siemens and UltraSoC technology can benefit the entire semiconductor product lifecycle, said Siemens, including structural, electrical, and functional capabilities of SoCs.
It also supports Siemens’ comprehensive digital twin with UltraSoC providing monitoring of the real device.
“This acquisition accelerates UltraSoC’s vision at a much larger scale with the incredible team, assets, industry know-how and footprint of Siemens,” said Rupert Baines, CEO, UltraSoC.
“Being part of one of the world’s foremost technology companies will allow UltraSoC to better serve our customers by accelerating R&D, leveraging a much larger pool of go-to-market resources, and an enormous global infrastructure.
“It has been clear since our initial meeting that UltraSoC and Siemens share a vision on how technology businesses can transform their operations end-to- end, from design conception to field deployment and we are excited to join the community.”