Cadence Design Systems

Cadence Design Systems Inc. is a multinational software and hardware company that designs and makes integrated circuits, printed circuit boards and systems used in various electronic devices.

Categories

Technology  

#251

Rank

$63.46B

MarketCap US

US United States

Country

Summary

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. 

The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. 

The company also provides digital IC design and sign-off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solutions to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparations; and Innovus implementation system, a physical implementation system. 

In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. 

Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customers' ICs; and verification IP with memory models to emulate and model the expected behaviour and interaction of standard industry system interface protocols. 

Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defence, automotive, industrial and healthcare, mobile, consumer, and hyper-scale computing markets. 

Cadence Design Systems, Inc. was incorporated in 1988 and is headquartered in San Jose, California.


History

Cadence Design Systems was founded in 1988 by the merger of two Silicon Valley-based companies, SDA Systems and ECAD, Inc. The company was created as a result of the growing need for software that could help design and simulate semiconductor chips. Cadence quickly established itself as a leader in the industry, offering a wide range of products and services for electronic design automation (EDA). Cadence’s first products were circuit-level simulators and logic synthesis tools. Over the years, the company has expanded its product portfolio to include a variety of products and services such as system-level design and verification, integrated circuit (IC) design, and system-on-chip (SoC) design. 

In 1994, Cadence acquired Valid Logic Systems, Inc., a leading provider of EDA software and services, which was used to improve the accuracy of Cadence’s products. In 1997, Cadence launched its first commercial-level IC design products, which included the Design Compiler, Encounter, and Virtuoso platforms. 

The Xcelium Parallel Simulator is based on the Xcelium Simulation Platform, which Cadence acquired from Mentor Graphics in 2017. Cadence also announced the launch of its new AI-driven design platform, the Cadence Intelligent System Design Platform. This platform combines design automation with machine learning technology to enable faster and more accurate design and verification of chips. 

In 2018, Cadence acquired the Verisity Design, Inc. business from Synopsys, Inc., which included verification and software development tools. This acquisition strengthened Cadence’s product portfolio and allowed the company to offer a comprehensive suite of EDA solutions. 

In 2019, Cadence announced the acquisition of AWR Corporation, a provider of high-frequency design and simulation software. This acquisition expanded Cadence’s portfolio of high-frequency simulation and design tools and allowed the company to offer a comprehensive suite of solutions for 5G, radar, and communication systems. The same year, Cadence unveiled its latest product, the Xcelium Parallel Simulator, which is designed to accelerate simulation times for large and complex designs. 

In 2020, Cadence announced the acquisition of Forte Design Systems, a provider of hardware design and verification software and services. This acquisition further strengthened Cadence’s portfolio of EDA solutions and allowed the company to offer a comprehensive suite of tools for system-on-chip (SOC) design, verification, and implementation.

Today, Cadence is one of the leading providers of EDA software and services, with customers in a wide range of industries including automotive, consumer electronics, medical and aerospace. The company continues to improve its products and services and focuses on helping customers accelerate their time-to-market and reduce their development costs.


Mission

Cadence seeks to help innovators create the most complex and advanced designs, while reducing the time and resources required for these designs. The company also strives to provide customers with the most reliable and advanced EDA solutions available. Cadence’s ultimate goal is to enable its customers to create the most innovative and successful products possible. Its mission is to enable customers to accelerate their time-to-market, reduce their overall design costs, and increase their return on investment.


Vision

The vision of Cadence Design Systems is to be the leading provider of electronic design automation (EDA) solutions. They strive to be the catalyst for innovation and design excellence, enabling their customers to create the products of the future. The company is committed to driving innovation in the EDA industry, leading the way in developing technologies, solutions and services that enable their customers to design better, faster, and more cost-effectively. Cadence also strives to provide an open and collaborative environment where customers, partners and employees can work together to achieve greater success.


Key Team

Dr. Anirudh Devgan (President and Chief Executive Officer)

Karna Nisewaner (Corporate Vice President, General Counsel, and Secretary)

Tom Beckley (Senior Vice President and General Manager, Custom IC & PCB Group)

Dr. Paul Cunningham (Senior Vice President and General Manager, System Verification Group)

Tina Jones (Senior Vice President Global Human Resources)

Nimish Modi (Senior Vice President and General Manager, Strategy and New Ventures)

Dr. Chin-Chi Teng (Senior Vice President and General Manager, Digital & Signoff Group)


Recognition and Awards
Cadence produces industry-leading solutions for advanced system and chip design, including design automation tools, software virtual prototyping, and other development systems. Cadence also offers rewards and recognition programs for its employees, such as competitive salaries, bonuses, and flexible benefit options.

Products and Services

Cadence's EDA products and services are used by some of the world's leading semiconductor, consumer electronics, and automotive companies. They include powerful design and verification tools, advanced technology libraries, and libraries for design reuse. Cadence also provides a wide range of professional services, such as consulting, design services, training, and support. Cadence's EDA products are available for purchase or as a subscription-based product. 

The products are designed to be user-friendly and easy to use, and they include a wide range of features and functionality to help designers work faster and more efficiently. Cadence also offers a variety of services to help engineers get the most out of their designs. This includes consulting, design services, training, and support. Cadence's experienced team of experts provides the expertise and support needed to ensure the success of each customer's project. 


References
Cadence Design Systems
Leadership team

Dr. Anirudh Devgan (President and Chief Executive Officer)

Karna Nisewaner  (Corporate Vice President, General Counsel, and Secretary)

Dr. Paul Cunningham  (Senior Vice President and General Manager, System Verification Group)

Industries

Technology

Products/ Services
hardware, software, IP
Number of Employees
1,000 - 20,000
Headquarters
San Jose, California, U.S.
Established
1988
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000813672
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
CDNS
Social Media

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Wed Feb 28 2024
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