Vancouver's Veridae Systems acquired by Tektronix

Posted by Rob Lewis

Beaverton's Tektronix, Inc. announced today the acquisition of Vancouver's Veridae Systems. The details of the transaction were not disclosed.

One of the most serious challenges facing Integrated Circuit (IC) developers is reducing the time required to verify, validate, and debug ICs. Veridae builds next generation tools based on breakthrough, proprietary technology to solve these problems, and strives to be the undisputed leader in silicon system debug tools.

Incorporated in September 2009, Veridae Systems was established to build upon the knowledge from six years of research at the University of British Columbia. According to Veridae CEO Jim Derbyshire, Tektronix has made a long-term commitment to grow an embedded capture business unit in Vancouver and to maintain close ties to the local research community.

Techvibes readers that follow the New Ventures BC Competition may recall that Veridae was a Top 10 Finalist in their 2009 competition. And you may recognize the name Jim Derbyshire as well thanks to his mentoring work.

As Mentor-in-Residence at SFU Venture Connection, Derbyshire has spent time working with uber-successful student entrepreneur Milun Tesovic of MetroLyrics, the founders of Layerboom who exited with a sale to Joyent, and 2010 New Ventures BC Competition winner Hiretheworld.com.

Ironically Derbyshire was Veridae's mentor during the New Ventures BC Competition and later became their CEO.

Company:
Tektronix
Website:
http://www.tektronix.com
Location:
Beaverton, Oregon, United States

For more than sixty years, engineers have turned to Tektronix for test, measurement and monitoring solutions to solve design challenges, improve productivity and dramatically reduce time to market. Tektronix is a leading supplier of test instrumentation for engineers focused on electronic design, manufacturing, and advanced technology development. Headquartered in Beaverton, Oregon, Tektronix serves customers... more

Company:
Veridae Systems
Website:
http://www.veridae.com
Location:
Vancouver, British Columbia, Canada

Veridae Systems, Inc. provides innovative debug and validation technology that enables engineers to bring complex systems and ICs from prototype to production while realizing significant savings in both cost and time to market. Prior to the acquisition by Tektronix, Veridae was privately held, with technology spun out of research activity at the University of British Columbia (UBC). more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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