DragonVenture Portfolio Company Plato Acquired by Cadence

San Jose, California, March 13, 2002

Silicon Valley Based cross-Pacific venture capital and consulting firm DragonVenture, Inc. today witnessed a significant addition to its track record. Its portfolio company, Plato Design System, an IC routing start-up, was acquired by Cadence Design Systems, Inc., the world’s largest supplier of electronic design technologies, methodology services, and design services.

Plato Design Systems provides scalable routing and physical design optimization solutions to close the gap between design productivity and silicon technology. Cadence acquired it in a move to enhance its system-on-chip routing technology. Founded in September 1999, Plato Design Systems is a young start-up with 24 employees. As its early believer and soft incubator, DragonVenture was exceptionally instrumental in helping Plato succeed in securing its initial round of financing. This newly born acquisition paved the road for DragonVenture’s future investment focuses, one of which is to invest in world class IC design houses, related EDA applications, and related enabling infrastructure in telecom, wireless, and consumer electronics industries.
 
To know the details of the definite agreement between Plato and Cadence, please click one of the links below:

• Plato Design Systems Acquisition Complements Powerful IC implementation Solution From Cadence
• Cadence confirms acquisition of Plato
• Cadence will buy Plato Design to enhance SoC routing technology