Rocketick Technologies to be acquired by Cadence
We are glad to inform you, that following our former update regarding Rocketick, the company had announced that it has entered into a definitive agreement to be acquired by Cadence Design Systems, Inc. (NASDAQ: CDNS).
Rocketick Technologies Ltd., is a leading provider of multicore parallel simulation. Rocketick's technology can speed-up the process of simulation between 6 to 30 times. The company started its way in Incentive, Peregrine Ventures' technological incubator during 2009. Since then the fund maintained its involvement in the company and remained an active investor.