Inomize and Verisense to Merge

Jerusalem, Israel – 14 November, 2016 - Inomize and Verisense today announced that they are at the final stages of entering into a definitive equity merger agreement under which Inomize and Verisense, both Israeli-based ASIC Design Houses will create a leading worldwide company providing ASIC, FPGA, and system design services to a broad base of customers.

The merged company will be called Inomize while keeping Verisense brand name as an independent business unit, and will continue to operate two design centers in Jerusalem and Netanya.

"The combination of Inomize and Verisense represents the next phase of our transformation to become a leading worldwide ASIC Design company," stated Udi Shaked, Chairman and Chief Executive Officer, Inomize. “With its great team, its broad customer base in systems and semiconductors, and its unique solution for DO-254, Verisense significantly broadens the scope of our offering. Together, we expect significant growth and a further increase to our headcount.”

“We have worked closely with Inomize for the last two years and have been very impressed by their team and professionalism,” said Nir Weintroub, Chief Executive Officer, Verisense. “I am confident that merging our companies will allow us to create something much larger than just the sum of the two companies”.