LOS ANGELES, June 4 /PRNewswire/ -- Wasserman, Comden & Casselman, L.L.P. today announced the successful completion of a corporate merger between SpringSoft, Incorporated, the largest EDA company in Asia and the first to be publicly traded (2473.TW), and Novas Software, Incorporated, the acquisition of four additional EDA companies, and several key management appointments.
LOS ANGELES, June 4 /PRNewswire/ — Wasserman, Comden & Casselman, L.L.P. today announced the successful completion of a corporate merger between SpringSoft, Incorporated, the largest EDA company in Asia and the first to be publicly traded (2473.TW), and Novas Software, Incorporated, the acquisition of four additional EDA companies, and several key management appointments.
"We see a tremendous opportunity to create a differentiated EDA supplier focused on addressing the tough spots in IC design with specialized technology and world-class support," said Martin Lu, Chairman and CEO of SpringSoft. "The addition of technology components from Fortelink and Nanovata complement our core strengths in verification enhancement and custom IC design. The combination of the Novas, Silicon Canvas, and Novaflow sales channels create one of the most capable EDA sales and support channels in the world. And our 'dual core' operation with headquarters in Taiwan and the U.S., uniquely positions SpringSoft to address the fastest growing IC design markets around the globe."
"We are pleased to have provided the legal counsel for this historical business transaction in the Pacific Rim," said Tim Chang, Esq., partner, Wasserman, Comden & Casselman, L.L.P., representing SpringSoft, Inc. "These strategic moves enable SpringSoft to expand its ability to serve its customers around the globe." The Firm's legal team led by Tim Chang, Esq., included Steve Wang, Esq., Corporate Finance, and Reid Dammann, Esq., Intellectual Property.
In addition to the merger with Novas, SpringSoft has completed acquisitions of Fortelink, a developer of hardware-assisted verification technology; Nanovata, which has developed advanced IC routing technology; and Silicon Canvas, provider of the Laker line of custom IC design solutions. SpringSoft is also in the process of acquiring its distribution partner Novaflow KK, distributor of the Novas, Silicon Canvas, and Fortelink products in Japan. Novaflow will become SpringSoft KK and exclusively sell and service the SpringSoft product line.
SpringSoft's aggregation of unique automation technologies, consolidation of its worldwide support channel, and its strong financial standing enhance the company's ability to deliver specialized EDA solutions with top-rated customer service to engineers around the globe. The combined enterprise, which has a $200M market capitalization and more than 400 employees, serves more than 400 customers, including the leading semiconductor companies in every region of the world.
Wasserman, Comden & Casselman, L.L.P., a leading California law firm for over 30 years, provides comprehensive legal advice and representation to clients throughout the United States and the Pacific Rim in the areas of appellate, business litigation, business transactions, class action, complex litigation, construction law, family law, intellectual property, international transactions, personal injury, real estate, trusts and estates, and workers' compensation. For additional information about Wasserman, Comden & Casselman, L.L.P., visit the Firm's website at wcclaw.com or contact Ms. Carlson at (818) 705-6800.
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