Sonics, chip software company, files for IPO

August 27, 2007 | Matt Marshall | Comments |

Sonics, a Mountain View, Calif. company that sells software to chip companies, has filed for an initial public offering of up to $80 million in common stock.

For the three months ending June 30, the company has net income of $2.8 million up from from a net loss of $907,000 in the same period a year earlier.

Sonics has raised more than $60 million from at least 20 investors over the last decade, including original investors Globespan (formerly Jafco Ventures), Investar Capital and JP Morgan Partners. Others include Cadence, Cadence Design Systems, Easton Hunt Capital, H&Q Asia-Pacific, Omninet Capital, PaceSetter, Newlight Associates, Samsung Ventures Investment, Smart Technology Ventures, Spinnaker Ventures, TL Ventures and Toshiba.

Next Story: YOUbeQB latest fantasy sports game, launches
Previous Story: South Park creators get web revenue cut. Sweet.