Synplicity Acquires HARDI for $24.2 Million

Synplicity, Inc. (Nasdaq:SYNP) is acquiring HARDI Electronics AB for $24.2 million in cash. HARDI is a leading developer of off-the-shelf ASIC prototyping boards. The acquisition will make Synplicity a leader in the ASIC prototyping market. HARDI’s ASIC Prototyping System (HAPS) is used worldwide by industry-leading companies such as Broadcom, Conexant, LG, LSI Logic, Marvell, Matsushita, Nokia, NXP, Philips, Samsung, Sharp, Sony, and TI.

HARDI’s ASIC prototyping systems work seamlessly with Synplicity’s Certify and Synplify Premier synthesis products and its Identify and Identify Pro RTL debugging solutions. ASIC verification teams can use the combined Certify, Synplify Premier and HAPS system to quickly create multi-million gate FPGA systems to verify ASIC functionality in real time while enabling comprehensive software verification with interfaces to real-world stimuli. Synplicity’s Identify and Identify Pro RTL debug products permit designers to conveniently debug these systems at the RTL level instead of with timing-consuming gate level interfaces.

Synplicity will continue to support its world-wide customer base using FPGA prototypes built from custom-designed prototyping boards and those using off-the-shelf boards from other manufacturers through the Partners in Prototyping program.

The acquisition is expected to close in June 2007, subject to customary conditions of closing. Updated 2007 financial guidance will be provided in Synplicity’s second quarter earnings call.

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