Synopsys buys Synfora's assets for reportedly less than venture funding had provided.

Nasdaq-listed chip design company Synopsys has acquired the assets of US-based Synfora, which makes software tools for semiconductors.

No financial terms were disclosed but blog site DeepChip.com said the deal was expected to be less than $10m when rumours surfaced earlier this year. Synfora has raised between $16m and $27m from technology company Xilinx, computer maker Hewlett-Packard (HP Labs span Synfora out initially) and venture capital firms ATA Ventures, Foundation Capital, Wafra Partners and US Venture Partners, according to news providers PEHub and VentureWire.

James Mawson

James Mawson is founder and chief executive of Global Venturing.