ARM Holdings Acquires Prolific - Update

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11/1/2011 5:40 AM ET

Chipmaker ARM Holdings Plc (ARMH: Quote, ARM.L) Tuesday said it acquired privately-owned Prolific, Inc., a developer of IC design optimization software tools, to expand its capabilities to speed up ecosystem adoption of advanced process nodes at 20nm and below.

Newark, California-based Prolific has provided IC design optimization software tools since 1995. These tools reduce development time and improve the performance of cell-based designs. The company has gross assets of less than $1 million.

"The increasing complexity of 20nm and below process technologies is driving the need for automated layout optimization solutions. This acquisition augments ARM's strategy to provide innovative physical IP products that will enable the ARM partnership to continue to lead in the implementation of highly integrated, low-power system-on-chip solutions," ARM said.

ARM has been collaborating with Prolific for several years. The Prolific team will become part of the ARM Physical IP team based in San Jose, California.

In June, ARM acquired privately-held Obsidian Software to match its verification strategies with the rate of change in its high performance, complex SoC IP components.

ARM.L is currently trading at 574.50 pence, down 10 pence or 1.71 percent, on 502,914 shares.

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