Cadence Design Systems acquired Clear Shape Technologies in 2007. The purchase price was not disclosed. Clear Shape, a chip-design company founded in 2003, had raised more than $10 million before the deal, according to VentureBeat.
What was the Cadence–Clear Shape deal?
Cadence Design Systems purchased Clear Shape Technologies, another chip-design company, according to VentureBeat’s report published August 17, 2007. The report describes an acquisition, not a merger of equals.
When did Cadence acquire Clear Shape?
VentureBeat reported the purchase on August 17, 2007. The available report does not establish a separate closing date, so that publication date should not be mistaken for a confirmed transaction-completion date.
What was Clear Shape, and what was its funding history?
Clear Shape Technologies was founded in 2003 and worked in chip design. Before the acquisition, it had raised more than $10 million from investors including AsiaTech Management, Intel Capital, KT Venture Group, Telos Ventures, and U.S. Venture Partners, as reported by VentureBeat in 2007. That amount refers to funding raised by Clear Shape, not the price Cadence paid.
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Was the acquisition price disclosed?
No. VentureBeat said the deal amount was not disclosed. The reported funding total cannot be used to infer the purchase price, which remains unstated in the cited account.
Quick Recap
How do the two companies compare in the transaction?
| Company | Role in the deal | Sector | Relevant financial detail |
|---|---|---|---|
| Cadence Design Systems | Acquirer | Chip design | Purchase price not disclosed by VentureBeat (August 17, 2007) |
| Clear Shape Technologies | Acquired company | Chip design | Founded in 2003; had raised more than $10 million before the acquisition, per VentureBeat (2007) |
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