Codasip Announces Accelerated Process to Sell Company
European RISC-V leader, Codasip, has announced today an expedited process to sell the company, following early interest from potential buyers. The decision was triggered by the expression of interest received during the recent funding round.
Codasip has been awarded several grants and equity funding from various bodies of the European Union and national authorities, totaling over €119 million. The company estimates that it will receive a further €210 million in follow-on phases of grants, bringing the total to €329 million. Additionally, Codasip is part of new consortiums and projects that could potentially secure an additional €51 million in future financing. These substantial funds are transferable to a buyer under reasonable terms.
The company has received early interest in being acquired, prompting the board to initiate an expedited sale process. The process, officially launched today, is expected to be completed within the next three months. The board is open to considering offers to acquire the entire company or portions of it.
Codasip has four key product areas with separable R&D teams, including Studio™, an electronic design automation (EDA) tool for developing and customizing processors, a portfolio of standard application and embedded RISC-V processors, a portfolio of application and embedded RISC-V processors and complementary software based on CHERI, and a portfolio of high-performance application processors.
With a staff of approximately 250 employees, Codasip has invested heavily in creating a leading RISC-V processor development capability, with all of its R&D based in Europe. The company’s highly configurable and customizable products make it an ideal acquisition target for both licensing companies and companies seeking the skillset for internal use.
Interested parties can contact the company’s legal department at Legal@codasip.com for more information. Potential buyers who sign a confidentiality agreement will receive access to a virtual data room for due diligence, a process letter, and the opportunity to meet with senior management. All offers, whether for a share purchase or asset deal, for all or part of the company, will be considered.
About Codasip
Codasip is a processor technology company that enables system-on-chip developers to differentiate their products for competitive advantage. The company’s Custom Compute offering provides customers with the ability to leverage the transformational potential of the open RISC-V ISA through Codasip Studio design automation tools and a fully open architecture licensing model, along with a range of processor IP that can be easily customized. Proudly European, Codasip serves a global market, with billions of devices already enabled by its technology. For more information, visit www.codasip.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.