FPGA as the PCB's Grand Central Station
Earlier this week, Cadence Design Systems acquired an EDA startup, Taray, Inc. Financial terms were not disclosed.
This is important because it is an Indian EDA product company story. While Taray, Inc. is a California corporation, the entire 7Circuits business plan, strategy, product definition and development was conceived in Hyderabad; even their CEO was in Hyderabad till he decided to move to the Silicon Valley to push the sales and marketing process. On top of it, this was a bootstrapped operation with no venture money involved. While Western companies have purchased Indian product companies in the past, majority of the deals haven been in the IT services, BPO, KPO or web 2.0 fields. An Indian EDA product company getting acquired has to be a watershed event.
