'Exciting deal' for Glasgow team
University spin-out sold to US software giant
Gold Standard Simulations was set up in 2010 with £720,000 seed funding and ongoing commercialisation support from Scottish Enterprise, to commercialise more than 20 years of research.
It was created by Professor Asen Asenov, James Watt chairman in electrical engineering in the College of Science and Engineering, with support from the University and Scottish Enterprise.
Prof Asenov is one of the world’s leading device modelling experts and the leader of the acclaimed Glasgow Device Modelling Group.
He said: “We are delighted that the GSS vision and technology can be brought to the next level by the best and the brightest player on the EDA arena amplifying its impact on the semiconductor industry.
“The GSS team, which will be incorporated into the Synopsys technology CAD (TCAD) group and will remain in Scotland, provides jobs for University of Glasgow PhD students and former Post-Doctoral Research Associates (PDRAs) – all of whom are former members of the DMG.”
In a statement, Synopsys said it has completed the acquisition of GSS, a “leading provider of TCAD and EDA simulation solutions for design technology co-optimisation (DTCO) of advanced process nodes”.
David Smith, director of technology and engineering at Scottish Enterprise, said: “Having provided seed funding and commercialisation support from the beginning, we are proud to have been part of GSS’s impressive journey from concept to delivery of its world-renowned and pioneering TCAD technology.
“This transaction highlights both the talent of the company’s founders and the capabilities which Scotland can offer the global semiconductor industry.
“We congratulate both GSS and Synopsys on this exciting deal, which will retain this ground-breaking international technology and intellectual property in Scotland, while helping both companies to grow and capitalise on the opportunities it presents.”
Professor Jon Cooper, vice-principal of knowledge exchange and innovation, said: “We welcome the acquisition of GSS by Synopsys and look forward to continuing to grow the close interaction between the company and the University on a variety of collaborative R&D programs.”
Professor Neal Juster, senior vice-principal and deputy vice-chancellor, added: “This is a great achievement for Professor Asenov and recognition of the commercial significance of his many years of research which GSS has been exploiting. We look forward to developing a strategic relationship with Synopsys.”