Product Design & Development

Acquisition Of Embedded Systems Provider

Tuesday, March 10, 2009
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Acquisition Of Embedded Systems Provider

Chandler, AZ  — Microchip Technology [NASDAQ:  MCHP] announces it has acquired HI-TECH Software, a world-class provider of development tools for embedded systems based in Brisbane, Australia.

Known for its high-performance ANSI C compilers, featuring the optimizing, whole-program compilation technology, Omniscient Code Generation, HI-TECH Software has been a third-party provider of C compilers for Microchip’s 8-, 16- and 32-bit PIC microcontrollers (MCUs) and dsPIC Digital Signal Controllers (DSCs) for over a decade.

“With the addition of the HI-TECH Software portfolio, Microchip now offers a complete suite of highly efficient compilers supporting all Microchip devices, from the smallest 8-bit PIC10 MCU to the largest 32-bit PIC32 MCU,” says Derek Carlson, Microchip’s vice president of Development Tools. 

“The HI-TECH acquisition also extends Microchip leadership in compiler technology by providing users with the option to develop their C code using the Mac OS X and Linux operating systems.”

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“HI-TECH Software’s focus on high-performance compilation for Microchip parts is now even sharper,” comments Clyde Stubbs, CEO of HI-TECH. 

“Microchip customers can expect to be offered development tools that are more powerful and easier to use than anything previously available for any microcontroller.”

The terms of the deal are confidential, and the deal is expected to be immediately accretive to Microchip’s earnings.

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