Cadence Completes Acquisition of Cosmic Circuits

SAN JOSE, Calif., 23 May 2013 -- Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced that it has completed the acquisition of Cosmic Circuits Private Limited, a leading provider of analog and mixed signal intellectual property (IP) cores. Cosmic Circuits offers silicon-proven IP solutions in connectivity and advanced mixed-signal technologies in the 40nm and 28nm process nodes, with 20nm and FinFET development well underway. 

The completion of this transaction further expands Cadence’s IP portfolio, strengthening its solutions to address mobile, cloud/datacenter and “internet of things” market opportunities.

The Cosmic Circuits team will report to Martin Lund, Cadence’s senior vice president of research and development, SoC Realization Group.

The acquisition is not expected to have a material impact on Cadence’s 2013 results of operations. Terms of the transaction were not disclosed.

About Cadence

Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.