NanGate Completes Management Buy-Out

SUNNYVALE, Calif., Jan. 29, 2013 — (PRNewswire) — NanGate Inc. today announced the completion of a management buy-out from the estate of NanGate A/S. The buy-out was structured as an asset purchase, which includes all intellectual property, and was effective December 2012. The company is now fully owned and controlled by its management and the headquarters is formally moved to Sunnyvale, CA.

NanGate Inc. will continue the product line of Electronic Design Automation tools for standard cell library development, migration and optimization. Key focus areas in 2013 are layout automation and productivity tools for the 20/16/14nm nodes.

"We are very pleased to complete this process," said Ole Christian Andersen, President and CEO. "After the VCs pulled out in August last year, management worked very closely with existing customers and partners to secure the continuation of the company.  We took a hard look at our cost structure and were able to find new and improved solutions. As a result we now have a solid financial base without the need for external investment. After 8 years building and growing the company this is a major milestone for NanGate."

Moving forward Jens C. Michelsen, co-founder of NanGate, will be serving as COO and Jens P. Tagore-Brage will continue in his role as CTO. Alexandre Toniolo, who has been with the company for more than 7 years, will serve as VP of Business Development.  "I like to focus on execution," said Jens Michelsen. "The new independent structure allows us to greatly increase our decision and execution powers to the benefit of the entire organization and our customers."

NanGate will continue to reach out to other EDA and semiconductor companies to establish and strengthen partnerships. The company expects to announce new partnerships in the first quarter of 2013. 

About NanGate

NanGate, a provider of physical intellectual property (IP) and a leader in Electronic Design Automation (EDA) software, offers tools and services for creation and validation of physical library IP, and analysis and optimization of digital design. NanGate's suite of solutions includes Library Creator Platform, Design Optimizer and design services. NanGate's solution enables IC designers to improve performance and power by concurrently optimizing design and libraries. The solution, which complements existing design flows, delivers results that previously could only be achieved with resource intensive custom design techniques.

Visit NanGate online at www.nangate.com

Contacts

For additional information: 
NanGate Inc.
Alexandre Toniolo, +1-650-924-5099
Email Contact 

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

 

SOURCE NanGate Inc.

Contact:
NanGate Inc.
NanGate A/S
Web: http://www.nangate.com




Review Article Be the first to review this article
Trimble

Harris

Featured Video
Jobs
Geospatial Analyst - Senior for BAE Systems Intelligence & Security at Springfield, VA
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Geospatial Systems Administrator for BAE Systems Intelligence & Security at arnold, MO
Sr Mechanical Design Engineer for Medtronic at mounds view, MN
Mechanical Design Engineer 3 for KLA-Tencor at Milpitas, CA
Urban Designer - Urban Design/Planning for SERA Architects, Inc at Portland, OR
Upcoming Events
Geospatial World Forum 2018 at Hyderabad International Convention Centre Hyderabad India - Jan 16 - 19, 2018
2018 Annual Convention of Virginia Association of Surveyors at 24 S. Market St Staunton VA - Jan 18 - 20, 2018
ArcGIS: Introduction at Environmental and Natural Resource Building 14 College Farm Rd New Brunswick NJ - Feb 1 - 22, 2018
International LiDAR Mapping Forum at Hyatt Regency 650 15th Street, Denver CO - Feb 5 - 7, 2018
Teledyne Optech
University of Denver GIS Masters Degree Online
Teledyne:
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise