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.

Next Story: New Cycle Capital, a new venture firm focused on profits and social benefit
Previous Story: Social network for writers attracts celebrity authors, raises $1.25M