Cadence Introduces SaaS Solutions for Semiconductor Design

Hosted Design Solutions Provide Faster and More Efficient Time-to-Productivity

SAN JOSE, Calif. -- 09 Sep 2008 -- Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic design innovation, today announced the availability of its software as a service (SaaS) offerings for semiconductor design. These production-proven, ready-to-go design environments are accessible via the Internet and provide design teams a faster time-to-productivity with reduced risk and cost. Cadence Hosted Design Solutions are available for custom IC design, logic design, physical design, advanced low power, functional verification, and digital implementation.

"Cadence's hosted solution was a good fit for our design team, as it provided an immediately available design environment for my team to utilize from day one," said Jarie Bolander, vice president, R&D, Tagent, Inc. "We found it easy to collaborate with remote teams and get new engineers productive quickly. The adoption of Cadence's Hosted Design Solutions resulted in a seamless design environment that saved us a significant amount of upfront setup. We were able to successfully tape out our chip and plan on using the hosted solutions for other projects."

Cadence Hosted Design Solutions deliver on a complete solution stack by providing the integrated EDA software suite, along with the associated IT infrastructure, compute, storage, and secure networking capabilities. “The growing complexity to develop, optimize, and manage design environments along with the need for more efficient collaboration, adds risk and cost to the design cycle,” said Vishal Kapoor, group director of Solutions Marketing at Cadence. “By offering these Hosted Design Solutions, Cadence provides customers an optimal set of technologies and use models, delivered on a hosted and managed infrastructure, all at a lower cost.”

Hosted Design Solutions are built upon the foundation of Cadence's proven secure collaboration infrastructure, which has been actively deployed by over 100 customers for over seven years. Cadence is offering its production-proven solutions in pre-configured, ready-to-go design environments. In addition to these packages, customers can get customized solutions tailored to meet their individual needs. For additional information, please visit www.cadence.com/products/hds.

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 and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2007 revenues of approximately $1.6 billion, and has approximately 5,100 employees. Cadence 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 Cadence and its products and services is available at www.cadence.com.