|Headquarters||San Jose, California, U.S.|
(President & CEO)
|Revenue||US$3.56 billion (2022)|
|US$1.07 billion (2022)|
|US$849 million (2022)|
|Total assets||US$5.14 billion (2022)|
|Total equity||US$2.75 billion (2022)|
Number of employees
|10,200 (Dec 2022)|
|Footnotes / references|
Cadence Design Systems, Inc. (stylized as cādence), headquartered in San Jose, California, is an American multinational computational software company, founded in 1988 by the merger of SDA Systems and ECAD, Inc. The company produces software, hardware, and silicon structures for designing integrated circuits, systems on chips (SoCs), and printed circuit boards.
Cadence Design Systems began as an electronic design automation (EDA) company, formed by the 1988 merger of Solomon Design Automation (SDA), co-founded in 1983 by Richard Newton, Alberto Sangiovanni-Vincentelli, and James Solomon, and ECAD, a public company co-founded by Ping Chao, Glen Antle, and Paul Huang in 1982. SDA's CEO Joseph Costello was appointed as CEO of the newly combined company.
Following the resignation of Cadence's original CEO Joe Costello in 1997, Jack Harding was appointed CEO. Ray Bingham was named CEO in 1999. In 2004, Mike Fister became Cadence's new CEO.
In 2008, Cadence's board appointed Lip-Bu Tan as acting CEO, after the resignation of Mike Fister; Tan had served on the Cadence board of directors since 2004. In January 2009, the board of directors of Cadence voted unanimously to confirm Lip-Bu Tan as president and CEO. Tan had been most recently CEO of Walden International, a venture capital firm, where he remains chairman of the firm.
On December 15, 2021, Anirudh Devgan assumed the role of president & CEO, and Lip-Bu Tan became executive chairman. Devgan joined Cadence in 2012 and was appointed president in 2017.
The company develops software, hardware and intellectual properties (IP) used to design chips, systems and printed circuit boards, as well as IP covering interfaces, memory, analog, SoC peripherals, data plane processing units, and verification.
Other Cadence RTL to GDS II tools: Conformal Equivalence Checker, Stratus High-Level Synthesis, Joules Power Analysis, Quantus RC Extraction, Modus AutomaticTest Pattern Generation.
Design IP targeting areas including memory / storage / high-performance interface protocols (USB or PCIe controllers and PHYs), Tensilica DSP processors for audio, vision, wireless modems and convolutional neural nets. Tensilica DSP processors IP include:
Tensilica Vision DSPs for Imaging, Vision, and AI processing; Tensilica HiFi DSPs for Audio/Voice/Speech processing; Tensilica Fusion DSPs for IoT; Tensilica ConnX DSPs for Radar, Lidar, and Communications processing; and Tensilica DNA Processor Family for AI acceleration
In 2021, Cadence launched the Tensilica AI Platform to accelerate AI SoC development and improve power, performance and area—targeting mobile, IoT, automotive, intelligent sensor, and industrial AI SoC designs.
In 2016, Cadence CEO Lip-Bu Tan was awarded the Dr. Morris Chang Exemplary Leadership Award by the Global Semiconductor Alliance.
In 2019, Investor's Business Daily ranked Cadence Design Systems #5 on its 50 Best Environmental, Social, and Governance (ESG) Companies list.
In 2020, Fortune Magazine named Cadence to Fortune's "100 Best Companies to Work For list" for the sixth consecutive year.
Also in 2020, Cadence was ranked #45 in PEOPLE magazine's Companies that Care.
In May 2022, McLaren announced a multi-year partnership deal with Cadence.
|Year announced||Company||Business||Value (USD)||References|
|1989||Gateway Design Automation||Simulation software||$72 million|||
|1990||Automated Systems, Inc.||PCB Design Automation||$23 million|||
|1991||Valid Logic||Gate-level design||$198 million|||
|1993||Comdisco Systems||Digital signal processing & communications design||$13 million|||
|1997||Cooper & Chyan Technology + UniCAD||Placement and routing (Specctra AutoRouter) and UniCAD (PCB Design)||$422 million|||
|1998||Bell Labs Design Automation||Simulation and verification software||$45 million|||
|1998||Quickturn Design Systems||Emulation hardware||$253 million|||
|1999||OrCAD Systems||PCB & FPGA design||$121 million|||
|2002||IBM's DFT tools & group||Design-for-Test||not disclosed|||
|2003||Celestry Design||Dense modeling, full-chip circuit simulation||not disclosed|||
|2003||Verplex||Formal verification, equivalence checkers||not disclosed|||
|2004||Neolinear||Analog & mixed-signal layout, circuit sizing||not disclosed|||
|2005||Verisity||Verification automation, hardware acceleration||$315 million|||
|2006||Praesagus||Manufacturing variation predication||$26 million|||
|2007||Invarium||Lithography-modeling and pattern-synthesis||not disclosed|||
|2007||Clear Shape||Design for Manufacturing||not disclosed|||
|2008||Chip Estimate||IP portal, IP reuse management||not disclosed|||
|2010||Denali Software||Memory models, design IP, verification IP||$315 million|||
|2011||Altos Design Automation||Foundation IP characterization, such as memory, standard cell libraries||not disclosed|||
|2011||Azuro||Clock concurrent optimization||not disclosed|||
|2012||Sigrity||Signal, power & thermal integrity analysis, IC package design||$80 million|||
|2013||Cosmic Circuits||Analog & mixed-signal IP for mobile device IP, such as USB, MIPI, audio & Wi-Fi cores||not disclosed|||
|2013||Tensilica||Dataplane processing IP||$380 million|||
|2013||Evatronix||Semiconductor IP: USB, MIPI, display, & storage interfaces||not disclosed|||
|2014||Forte Design Systems||High-level synthesis||not disclosed|||
|2014||Jasper Design Automation||Formal analysis & verification||$170 million|||
|2016||Rocketick Technologies||Multi-core parallel simulator||not disclosed|||
|2017||nusemi||High-speed Serializer/Deserializer (SerDes) communications IP||not disclosed|||
|2019||AWR Corporation||Wireless/high-frequency radio-frequency application design software||$160 million|||
|2020||Integrand Software||Method of moments solver technology for analysis & extraction for simulating large IC and packages, characterization, and analysis in 3D-IC systems||not disclosed|||
|2020||InspectAR Augmented Interfaces||Maps electronics & labels circuit board schematics in real-time using augmented reality||not disclosed|||
|2021||NUMECA||CFD, mesh generation, multi-physics simulation & optimization||not disclosed|||
|2021||Pointwise||Computational fluid dynamics (CFD) mesh generation||not disclosed|||
|2022||Future Facilities||Computational Fluid Dynamics (CFD) solution provider for electronics cooling and energy performance optimization solutions for data center design and operations||not disclosed|||
|2022||OpenEye Scientific||Computational molecular modeling and simulation software used by pharmaceutical and biotechnology companies for drug discovery||$500 million|||
The company has also acquired High-Level Design (HLD), UniCAD, CadMOS, Ambit Design Systems, Simplex, Silicon Perspective, Plato, and Get2Chip.