About a year ago I had blogged about how Taray had signed an OEM deal with Cadence. [http://prashanthudupa.livejournal.com/42294.html]. Today I find out from Ravi, VP of Taray, that Cadence has acquired Taray.
Read the complete news here: http://www.cadence.com/cadence/newsroom/features/pages/feature.aspx?xml=taray
How much they got acquired for is something they are not sharing as yet (or maybe never). But it is wonderful to know that an Indian “product” company has gotten such a beautiful exit. It is even more wonderful to know that our company played a significant part in their product development in the recent past.
My congratulations to Nagesh (CEO), Ravi Vedula (VP), Nishit (FPGA Engineer) and the complete engineering team (made of 18 people in total). You guys rock!