Siemens to acquire UltraSoC from Octopus Ventures and eCAPITAL.

Siemens agreed to acquire UltraSoC, a provider of instrumentation and analytics solutions that put intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of system-on-chip, from Octopus Ventures and eCAPITAL, two venture capital funds. Financial terms were not disclosed. "Siemens' acquisition of UltraSoC means that for the first time our customers can access not just design-for-test, but a comprehensive 'Design for Lifecycle Management' solution for system-on-chips, including functional safety, security and optimization. By utilizing design augmentation to detect, mitigate and eliminate risks throughout the SoC lifecycle, customers can radically improve time-to-revenue, product quality & safety, and profitability. UltraSoC has a fast-growing business and impressive customer list and, as part of Siemens, can complement Tessent to create a truly unique offering in the market," Brady Benware, Siemens Digital Industries Software General Manager.