UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.    )

Filed by the Registrant  ¨                             Filed by a Party other than the Registrant  x

Check the appropriate box:

¨ Preliminary Proxy Statement

¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

¨ Definitive Proxy Statement

¨ Definitive Additional Materials

x Soliciting Material under Rule 14a-12

Virage Logic Corporation

(Name of Registrant as Specified In Its Charter)

Synopsys, Inc.

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

x No fee required.

¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

(1) Title of each class of securities to which transaction applies:

(2) Aggregate number of securities to which transaction applies:

(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(4) Proposed maximum aggregate value of transaction:

(5) Total fee paid:

¨ Fee paid previously with preliminary materials.

¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

(1) Amount Previously Paid:

(2) Form, Schedule or Registration Statement No.:

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(4) Date Filed:

Important Information

Additional information and where to find it

Virage Logic Corporation intends to file with the Securities and Exchange Commission a preliminary proxy statement and a definitive proxy statement and other relevant materials in connection with the acquisition. The definitive proxy statement will be sent or given to the stockholders of Virage Logic. Before making any voting or investment decision with respect to the merger, investors and stockholders of Virage Logic are urged to read the proxy statement and the other relevant materials when they become available because they will contain important information about the acquisition. The proxy statement and other relevant materials (when they become available), and any other documents filed by Virage Logic with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Virage Logic at its corporate Web site at www.Virage Logic.com in the Investor Relations section, or by contacting Investor Relations at Virage Logic Corporation, 47100 Bayside Parkway, Fremont, CA 94538.

Participants in the solicitation

Virage Logic and Synopsys, Inc. and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Virage Logic stockholders in connection with the acquisition. Information about Synopsys’ directors and executive officers is set forth in Synopsys’ proxy statement on Schedule 14A filed with the SEC on February 5, 2010 and Synopsys’ Annual Report on Form 10-K filed on December 18, 2009. Information about Virage Logic’s directors and executive officers is set forth in Virage Logic’s proxy statement on Schedule 14A filed with the SEC on March 9, 2010. Additional information regarding the interests of participants in the solicitation of proxies in connection with the merger will be included in the proxy statement that Virage Logic intends to file with the SEC.

Safe Harbor Statement/Forward-Looking Statements

The following contains forward-looking statements within the meaning of U.S. federal securities laws, including statements regarding the expected closing of the acquisition of Virage Logic, the expected impact on Synopsys financial results, benefits of the proposed transaction, and integration of Virage Logic’s offering and employees with those of Synopsys. Forward-looking statements are subject to both known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, and that are outside the control of Synopsys. These risks and uncertainties include, among others: the ability to satisfy the closing conditions to complete the acquisition of Virage Logic; the ability to integrate the acquired business and technologies with our own; the effect of the announcement of the merger on Synopsys’ and Virage Logic’s respective businesses, including possible delays in customer orders; the potential inability to operate or integrate Virage Logic’s business successfully, including the potential loss of customers, key employees, partners or vendors; and uncertain customer demand and support obligations for the new offerings. Other risks and uncertainties that may apply are set forth in the Risk Factors section of Synopsys’ most recently filed Quarterly Report on Form 10-Q. Synopsys assumes no obligation to update any forward-looking statement contained in this press release.

Explanatory Note

The following material was presented to employees of Virage Logic on June 10, 2010.

Synopsys to Acquire Virage Logic

June 10,

2010

Joachim Kunkel

Sr. Vice President and GM

Solutions Group

©Synopsys 2010

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•

Synopsys has agreed to acquire Virage for ~$315M

•

Complements our current IP portfolio with

–

embedded memories and std cell libraries

–

programmable cores for control and multimedia sub-systems

–

high speed interfaces

•

Grows our engineering staff and expertise so we can

better meet our customers' evolving IP needs

•

Virage will be merged with Synopsys’

Solutions Group,

headed by Joachim Kunkel, Sr. Vice President and

General Manager

•

We expect the transaction to close in Synopsys' fiscal

Q4, following customary regulatory approvals and

satisfaction of closing conditions

Synopsys to Acquire Virage Logic

©Synopsys 2010

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Cadence

Synopsys

Mentor

Quarterly Revenue

$M

Magma

Synopsys: A Brief Overview

Synopsys Profile

•

FY09 Revenue:           $1.36B

•

Total Backlog:

$2.20B

(end of FY09)

•

R&D / Rev.:

>30%

>2,500 R&D engineers

>1,500 tech. consultants

~6,000 employees

~65 offices

Zroute

Faster

Routing

10X  Faster

Minchip

optimization

25% Smaller Die

Test Solutions

100 X Reduction

Test Data Volume

Lynx Design

System

Integrated,

Proven

RTL2GDSII Flow

Primetime

Multicore

2X Faster

Golden Signoff

Design

Compiler

Graphical

Predicts, Alleviates

Routing

Congestion

IC Validator

32-nm Design

Rule Check

Galaxy 2009

Multicore

2x-20x Faster

Galaxy

Constraint

Analyzer

Look-Ahead

Constraint

Analysis

Discovery

2009

Multicore

2x-4x Faster

MCMM

2x Faster

Design Closure

Virtual

Prototyping

SuperSpeed

USB 3.0

Models

CustomSim

60X Faster

Timing

Signoff

2X Faster

Closure

Synopsys Innovations

March 2008…

… February 2010

©Synopsys 2010

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Physics

Function

Verification

Verification

Synopsys Business Focus

Solutions Group

(SG)

©Synopsys 2010

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Brian Beattie

CFO

Jan Collinson

Sr. VP, HR

Brian Cabrera

General Counsel

Antun Domic

Sr. VP & GM

IG

Paul Lo

Sr. VP & GM

AMSG

John Chilton

Sr. VP

MKTG &

Corp Dev

Joe Logan

Sr. VP

WWS

Deirdre Hanford

Sr. VP

GTS

Manoj Gandhi

Sr. VP & GM

VG

Joachim Kunkel

Sr. VP & GM

SG

Aart de Geus

Chairman & CEO

Chi-Foon Chan

President & COO

Businesses

Field

Howard Ko

Sr. VP & GM

SEG

Infrastructure

©Synopsys 2010

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DW Digital IP

DW Analog/Mixed-Signal IP

DW Verification IP

$123M in Revenue*

Second Largest IP

Vendor*

#1 in Interface IP*

#1 in Analog IP*

700+ IP Engineers

including 450+

Analog/Mixed-Signal

Engineers

Synopsys IP Portfolio

* Source: Gartner (March 2010)

©Synopsys 2010

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•

Enables access to a comprehensive IP portfolio

–

embedded memories and standard cell libraries

–

programmable cores for control and

multimedia sub-systems

–

interface and analog IP

•

Provides customers with portfolio of high-quality IP,

common licensing terms, and expert integration support

•

Grows our engineering staff and expertise so we can

better meet our customers' evolving IP needs

Benefits to Our Customers

©Synopsys 2010

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Combined IP Revenue*

*simplified accounting for non-overlapping fiscal years

Virage Logic street estimates

Synopsys internal projection

13% CAGR

Revenue

©Synopsys 2010

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Organization

•

The two companies will continue to

operate as independent entities until the

acquisition closes

•

Between now and close, the two

management teams will explore how to

best organize the combined operation

©Synopsys 2010

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The Solutions Group Team

Joachim Kunkel

SVP/GM

Solutions Group

Anwar Awad

VP Eng

AMS IP

Ralph Morgan

VP Eng

Digital IP & VIP

Simon Bennett

Director CAE

Digital IP & VIP

John Koeter

VP Marketing

Pierre Bricaud

Director Eng

Helen Gwosden

HR Business Partner

Valerie Minassian

Controller

Eshel

Haritan

VP Eng

Systems

Quick Facts

•IP, System-Level Design,

FPGA Implementation,

and Prototyping

•~$250M business

•1,200 engineers

Andrew Dauman

VP Eng

FPGA Prototyping

Bob Erickson

Director Eng

HL Synthesis

Jim Robinson

Group Dir Eng

FPGA Synthesis

IP

©Synopsys 2010

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•

Key customers, partners etc. are being informed

by Virage Logic's and Synopsys' management

•

Outside communication is handled only through

designated Virage and Synopsys spokespersons

•

No interaction with outside audiences on this topic

–

no comment on calls or e-mails from the outside

–

ask them to contact your official spokespersons or

Synopsys

•

press –

Yvette Huygen (yvetteh@synopsys.com)

•

products –

John Koeter (koeter@synopsys.com)

•

legal/financial –

Brian Cabrera (bcabrera@synopsys.com)

Confidentiality

©Synopsys 2010

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Until The Acquisition Closes

How Can You Help?

•

Maintain focus on your responsibilities and

projects

•

Continue supporting your products and

customers

•

Continue driving your business forward

•

Remember …

The two companies will continue to operate as

independent entities until the close