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Synopsys to acquire certain assets of tech design company Invecas

Design automation software provider Synopsys Inc. will acquire certain intellectual property assets of Santa Clara, Calif.-based technology design company Invecas Inc.

Invecas will retain its HDMI IP and ASIC design solutions businesses. Terms of the deal were not disclosed.

The transaction is expected to close in the first half of fiscal year 2020, subject to customary closing conditions.

Synopsis said the acquisition would not be material to its financials.