Inovys, structural testing for semiconductors, acquired by Verigy
Inovys, a Pleasanton, Calif. company that makes software and hardware for structural testing of semiconductors, was founded in 1999.
The company picked up nearly $40 million in funding over the years, from venture investors including Storm Ventures, CMEA Ventures, Palomar Ventures, Techfarm, HIG Ventures and Hotung Ventures. Two corporations, Advantest and Synopsys, also put money into Inovys.
The terms of the deal were not disclosed, although a company representative told VentureWire (subscription required) that virtually all Inovys employees would remain on at Verigy.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.