• Insight Bite


Siemens Buys UltraSoC as Chip Firms Adopt Product Lifecycle Management

From its office in Cambridge, semiconductor firm UltraSoC has been pushing the envelope of system-on-chip (SoC) technology for the last few years – embedding analytics, cybersecurity and safety hardware into revolutionary chips to be used in the automotive, storage, and high-performance computing industries.

UltraSoC’s efforts in the field of Product Lifecycle Management (PLM) have caught the attention of German industrial powerhouse Siemens, which snapped up the firm in late June to bolster its Tessent software suite.

The innovation of UltraSoC lies in monitoring hardware that is embedded directly into SoC designs. This can accelerate silicon bring-up, optimise performance, and ensure devices are operating as intended for security purposes. These benefits will complement Siemens’ Tessent product suite, which addresses test and yield analysis in the system-on-chip (SoC) product lifecycle.

“Siemens’ acquisition of UltraSoC means that for the first time our customers can access not just design-for-test, but a comprehensive ‘Design for Lifecycle Management’ solution for system-on-chips, including functional safety, security and optimisation”, said Brady Benware, Tessent Vice-President at Siemens. “By utilising design augmentation to detect, mitigate and eliminate risks throughout the SoC lifecycle, customers can radically improve time-to-revenue, product quality & safety, and profitability.”

Limited understanding of the PLM value proposition has led to slow adoption among semiconductor firms. But as the industry becomes more competitive, the benefits, which include reduced design costs, improved quality, and better manufacturability, are becoming too big to ignore. As such, PLM is now finding a stronger foothold, aided by the efforts of Siemens and its rivals to provide tailor-made applications.

The acquisition of UltraSoC is one of several aimed at extending Siemens’ leadership in industrial software to the emerging semiconductor PLM market. The German engineering giant made its first move on the market in 2017 with the purchase of embedded software company Mentor Graphics, and then strengthened its expertise in integrated circuit (IC) design in 2018 with the acquisition of software startup Austemper.

“We are seeing the role of data becoming increasingly important throughout the entire semiconductor ecosystem. There is an emerging need to understand and monitor in-chip performance and, in the case of UltraSOC, understand the flow of data at a very granular level. This insight aids the effective implementation of both sophisticated and mission-critical applications in an array of end-markets. Siemens’ acquisition is a clear statement that they are backing this trend and stresses the importance of data monitoring.”

Matthew Byatt | Managing Partner

Matthew is a Co-Founder and Managing Partner at Acuity and leads the Acuity Advisors’ Deeptech practice.

Matthew has held senior leadership and corporate finance positions with some of the UK’s most successful and influential technology and consultancy companies. Roles with ARM, McKinsey and Cadence have given Matthew an exceptional insight into the world’s most successful businesses and a number of the UK’s eminent start-ups, underpinning his success at Acuity.

Matthew has considerable experience across a broad range of technology sectors throughout the UK, US and Asia, ranging from nanotechnology, semiconductor and cleantech to digital media and internet businesses. It’s experience that has given him a robust, well-developed and international network. Having also run and successfully exited his own business, Matthew has a deep understanding of the financial and emotional aspects of this demanding process, bringing a unique and authoritative perspective to each business sale.

One of Matthew’s strengths is understanding complex technical value propositions, one of the benefits of training as an electronic engineer. He gets to the heart of what drives a company’s value and communicates this persuasively to potential buyers and investors. Matthew understands a buyer’s motivation intuitively and delivers a compelling rationale for why a business sale should be of strategic interest. His insight consistently yields higher deal values and results in great successes for his clients.

About Us


It’s our people who make the difference. We began as a partnership between experienced industry enthusiasts with a vision: a personal approach to the challenges of business growth and exit. Acuity Advisors has since grown into a leading name in tech advisory.

Read More


  • Enter the letters and/or numbers shown