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Cadence Design Systems history
Cadence Design Systems company history timeline
1988 ECAD bought SDA for $72 million in a stock swap.
Cadence is Established: 1988
In March 1989, Cadence acquired Tangent Systems Corporation, a subsidiary of Intergraph Inc. based in Santa Clara, California.
In April 1989, a subsidiary, Cadence Design Systems K.K., was established in Tokyo.
1989 was a formative year in several respects.
In 1989, Cadence had a 15.4 percent market share, ahead of Seiko Instrument and Electronics with 11.5 percent (mostly in Japan), and Mentor Graphics Corporation with 8.4 percent, according to the market research firm Dataquest Inc.
Cadence began implementing a new product strategy in 1989, expanding into systems design software, used for the overall design of an electronic product such as a computer, instead of merely IC chip design.
In 1989, the EDA software industry was growing at 25 percent annually.
In April 1990, Cadence acquired Automated Systems Inc., a supplier of printed circuit board design software and fabrication services located in Milwaukee, Wisconsin.
In May 1990, Cadence announced its intention to make the HDL of Verilog available in the public domain for custom and third-party software development.
Cadence introduced a full systems-design software package, Amadeus, in September 1990.
Sales growth also slowed in the first half of 1991 due to a weaker economy.
The new company was called Cadence Design Systems and it grew rapidly in its first few years, becoming the largest EDA vendor in 1991.
In 1993, Cadence established its Spectrum Services consulting group, which soon began to be used by some of Cadence's largest software customers.
The unit was renamed the Alta Group in June 1994 with the acquisition of Redwood Design Automation.
In 1997, the company acquired High Level Design Systems and Cooper & Chyan Technology Inc.
As worldwide economies began to slow during 2000, Cadence's design services segment was negatively affected.
Under the leadership of Bingham, Cadence secured record level sales in 2001 despite the challenging economy.
The company also sought expansion in China, which was projected to become the largest Asian EDA market by 2004.
30 years after the launch of ECAD, Cadence employs approximately 4,900 people worldwide, reported 2011 revenues of $1.1 billion, and provides a wide range of IC, PCB and system design products that are used by nearly every semiconductor and electronic systems provider today.
Fast forward to 2012, and Cadence has enjoyed three years of steady growth in revenues and earnings.
In 2013 Cadence® is celebrating its 25th anniversary.
Topics for Innovation in VerificationDecember 21, 2021
On December 15, 2021, Anirudh Devgan assumed the role of president & CEO, and Lip-Bu Tan became executive chairman.
Cadence Digital and Custom/Analog Design Flows Certified by TSMC for Latest N3E and N4P Processes started by Daniel Nenni on June 14, 2022
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Cadence Design Systems competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Synopsys | 1986 | $6.1B | 15,001 | 39 |
| VMware | 1998 | $13.4B | 31,000 | 2 |
| IBM | 1911 | $62.8B | 270,000 | 3,502 |
| Juniper Networks | 1996 | $5.1B | 9,400 | - |
| Xilinx | 1984 | $3.1B | 4,891 | - |
| Citrix | 1989 | $3.2B | 9,000 | 6 |
| Wind River | 1981 | $359.7M | 1,801 | 71 |
| HP | 1939 | $53.6B | 53,000 | 312 |
| Intel | 1968 | $53.1B | 121,100 | 365 |
| Lattice Semiconductor | 1983 | $509.4M | 747 | 7 |
Cadence Design Systems history FAQs
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Cadence Design Systems may also be known as or be related to Cadence, Cadence Design Systems, Cadence Design Systems (India) Pvt Ltd., Cadence Design Systems Inc and Cadence Design Systems, Inc.