Magma Design Automation is a software company in the electronic design automation industry. The company was founded in 1997 and maintains headquarters in San Jose, California, with facilities throughout North America, Europe, Japan, Asia and India. Magma software products are used in major elements of chip development, including: synthesis, placement, routing, power management, circuit simulation, verification and analog/mixed-signal design. Magma's annual revenue is fourth-highest among companies in the EDA industry. As of 2011, major competitors are Cadence Design Systems, Synopsys and... Mentor Graphics. On November 30, 2011, Magma and Synopsys announced they had entered into a definitive agreement by which Synopsys would buy Magma for $507 million US$.
more
| NASDAQ symbol: | LAVA |
| Founded: | 1997 |
| Headquarters: | San Jose, California |
| Legal structure: | Public company |
| Annual revenue: | $146,960,000 |
| Net income: | $-127,750,000 |
| Operating income: | $-124,200,000 |
| Market cap: | $520,000,000 |
| Industries: | Prepackaged Software |