Microchip Technology Acquires HI-TECH Software

Microchip Technology Inc. announced it has acquired HI-TECH Software, a provider of development tools for embedded systems based in Brisbane, Australia. Best known for its high-performance ANSI C compilers, featuring the optimizing, whole-program compilation technology, Omniscient Code Generation, HI-TECH Software has been a premier 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. The terms of the deal are confidential, and the deal is expected to be immediately accretive to Microchip's earnings.

"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," said 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."

HI-TECH Software is a world-class provider of development tools for embedded systems. Founded in 1984 in Brisbane, Australia, HI-TECH Software is best known for its high-performance ANSI C compilers featuring the optimizing, whole-program compilation technology, Omniscient Code Generation. The company has supported Microchip Technology Inc. for over a decade as a leading third-party provider of C compilers for PIC MCUs and dsPIC DSCs.