Siemens, a business conglomerate, agreed to acquire Avatar Integrated Systems, a software solutions provider. Financial terms were not disclosed. "Avatar's approach can lead to excellent correlation through all phases of place and route, with improved PPA results. As a part of Siemens, Avatar can further develop this approach, accelerate R&D, and grow market share by leveraging a much larger pool of resources. We are proud of our technical achievements and well-known record for excellent customer support and look forward to enhancing these strengths as part of Siemens," Ping San Tzeng, Avatar Integrated Systems CTO.