Vancouver’s Veridae Systems acquired by Tektronix

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

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

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