Cambridge-based UltraSoC has signed an agreement to be acquired by Siemens. UltraSoC is a provider of instrumentation and analytics solutions that put intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of system-on-chip (SoC).
“We’re very excited to be embarking on the next phase of growth for our business, as part of one of the world’s biggest technology names,” said UltraSoC’s CEO, Rupert Baines. “The acquisition accelerates UltraSoC’s vision at a much larger scale with the incredible team, assets, industry know-how and footprint of Siemens for being part of one of the world’s foremost technology companies. UltraSoC will better serve our customers by accelerating R&D, leveraging a much larger pool of go-to-market resources, and an enormous global infrastructure.”
UltraSoC is a pioneer of embedding monitoring hardware into complex SoCs to enable “fab-to-field” analytics capabilities designed to accelerate silicon bring-up, optimise product performance, and confirm that devices are operating “as designed” for functional safety and cybersecurity purposes. Its products are widely used in the automotive, high-performance computing, storage and semiconductor industries.
Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing and electronics design meet the challenges of growing connectivity and device pervasiveness. The Xcelerator portfolio helps companies of all sizes create and leverage digital twins that provide organisations with new insights, opportunities and levels of automation to drive innovation.
Siemens’s acquisition of UltraSoC is due to close in the fourth quarter of Siemens’s fiscal year 2020.