# MosChip Technologies acquires Softnautics for $17.25 million

MosChip Technologies signed a share purchase agreement to acquire Softnautics Inc., a California-based product engineering solutions company, for $17.25 million. The acquisition will be completed next quarter and adds over 185 employees.

- Type: Acquisition
- Announced: 2023-03-28
- Where: California, United States
- Value: $17.3M
- Jobs: 185
- Status: announced
- Products: embedded design, FPGA, VLSI
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MosChip Technologies](https://endata.com/companies/69388.md) (acquirer)
- [Softnautics](https://endata.com/companies/69389.md) (target)

## Sources

- [thehindu.com](https://www.thehindu.com/business/moschip-to-acquire-us-softnautics-for-1725-mn/article66672313.ece), 2023-03-28: "The transaction will strengthen MosChip’s embedded system design capabilities and enable it to serve existing clients better while enhancing the ability to acquire new customers."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.