Beaverton’s Tektronix announced today the acquisition of Vancouver’s Veridae Systems – a Top 10 Finalist in the 2009 New Ventures BC Competition. The details of the transaction were not disclosed.
One of the most serious challenges facing Integrated Circuit (IC) developers is reducing the time required to verify, validate, and debug ICs. Veridae builds next generation tools based on breakthrough, proprietary technology to solve these problems, and strives to be the undisputed leader in silicon system debug tools.
Incorporated in September 2009, Veridae Systems was established to build upon the knowledge from six years of research at the University of British Columbia.
Veridae’s mentor during the competition was Jim Derbyshire he is now their CEO. From today’s press release:
Tektronix has made a long-term commitment to grow an embedded capture business unit in Vancouver, BC. “We’re excited to be part of the Tektronix team and to establish a business unit for the company in Vancouver,” said Jim Derbyshire, Veridae chief executive officer and mentor in residence at Simon Fraser University. “This allows us to maintain our close ties to the local research community, which were instrumental in the founding of Veridae.”
Congrats to Derbyshire and the team at Veridae.