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Synchronicity buys group from ex-foe

Synchronicity, a company whose products help keep track of chip design information, will officially announce Monday that it has bought the IPinfraNet group from chip-design software maker Cadence Design Systems. In addition, Cadence has become a minority investor in Synchronicity and will have a seat on its board. IPinfraNet, like Synchonicity's IP Gear product, is used to help companies keep track of chip design data so the information can be reused in future products or transferred to other companies. The deal gives Synchronicity funding and has converted its closest competitor into a partner. Synchronicity said it plans to merge IPinfraNet with IP Gear.

Synchronicity, a company whose products help keep track of chip design information, will officially announce Monday that it has bought the IPinfraNet group from chip-design software maker Cadence Design Systems. In addition, Cadence has become a minority investor in Synchronicity and will have a seat on its board. IPinfraNet, like Synchonicity's IP Gear product, is used to help companies keep track of chip design data so the information can be reused in future products or transferred to other companies.

The deal gives Synchronicity funding and has converted its closest competitor into a partner. Synchronicity said it plans to merge IPinfraNet with IP Gear.