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One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchCadence Design Systems acquired Clear Shape Technologies in 2007, according to a report published by VentureBeat on August 17 that year. The purchase price was not disclosed. Clear Shape had been founded in 2003 and had raised more than $10 million before the deal.
What was the Cadence–Clear Shape deal?
It was an acquisition of Clear Shape Technologies by Cadence Design Systems. VentureBeat described both businesses as chip-design companies in its August 17, 2007 report: VentureBeat’s report on the acquisition.
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When did Cadence acquire Clear Shape?
VentureBeat reported the acquisition on August 17, 2007. Its report says Cadence had purchased Clear Shape; it does not establish a more precise closing date.
What is known about Clear Shape’s financial background?
Clear Shape was founded in 2003 and had raised more than $10 million from investors before the acquisition, according to VentureBeat’s 2007 company-background reporting. The named investors were AsiaTech Management, Intel Capital, KT Venture Group, Telos Ventures, and U.S. Venture Partners. That fundraising total is separate from the acquisition price: VentureBeat did not disclose what Cadence paid.
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What the report does not establish
- The purchase price or other deal terms.
- Whether the acquisition included particular assets, products, employees, or liabilities.
- How the acquisition affected either company after the announcement.
Those details are not stated in the cited 2007 report, so the disclosed facts support a concise account of the transaction, but not a valuation or assessment of its later business impact.
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