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|March 11, 1998||
Synopsys sets up sales and support operationsSynopsys (India) Private Limited, a fully owned subsidiary of the US based Synopsys Inc, has drawn up plans to expand its operations in the country.
It has set up a sales and support operation in Bangalore as part of its expansion plans.
The company, which is a leading supplier of electronic design automation
The $500-million merger is considered to be one of the largest mergers in the IT industry.
Synopses Inc Chief Operating Officer Chi-Foon Chan has said "The merger with gns and systems-on-a-chip to help us drive dramatic productivity growth for designers and market growth for leading edge electronic products."
The company has also set up a new 25,000 square feet facility in Koramangala, Bangalore, to house the R&D centres of Synopses and Viewlogic.
The combined centre will specialise in development of EDA software and provide design methodologies and consulting services, Chan said.
"The Indian design market has been experiencing rapid growth and Synopsis tools are currently used in almost all phases of design," Synopsis (India) Private Limited Managing Director Sanjay Nayak has said.
The US firm has already invested around $4 million for R&D operations in India.
"We expect major growth in the areas of digital communications and telecom network. Apart from the existing channel partners we will also undertake consultancy and support services for our clients," Nayak said.
A major area that the company plans to tap is the vast research potential available in leading Indian universities. "As part of our university relations programme, we will be providing them with our latest EDA software and also fund professors for doing research on certain key technologies," Synopses Senior Vice-President Dave Burow said.
- Compiled from the Indian media
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