Beaverton, Oregon-based technology company Tektronix Inc. announced this morning that it has acquired Vancouver-based Veridae Systems Inc.
Details of the transaction have not been disclosed.
Veridae Systems was founded in 2009 to commercialize research from the University of British Columbia.
According to a press release from Tektronix, Veridae delivers three leading products for ASIC/FPGA prototyping debug, ASIC post silicon validation and FPGA-based system product validation into leading semiconductor and system product companies.
“Veridae is solving an ever increasing challenge faced by our customers – debug and validation of their complex systems,” Tektronix president Amir Aghdaei said in the release.
“The combination of Veridae and Tektronix solutions will provide significant cost saving to our customers while accelerating their time to market.”
Tektronix also announced that it has made a long-term commitment to grow a business unit in Vancouver.
“We’re excited to be part of the Tektronix team and to establish a business unit for the company in Vancouver,” Veridae CEO Jim Derbyshire said in the release. “This allows us to maintain our close ties to the local research community, which were instrumental to the founding of Veridae.”
Calls to Tektronix were not returned by press deadline.
Jenny Wagler
Twitter: JennyWagler_BIV