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Company Description

Contact Info

2655 Seely Avenue

San Jose, CA 95134

United States

Phone: 408-943-1234

Fax: 408-428-5001

Cadence Design Systems, Inc. develops solutions that its customers use to design small and complex integrated circuits (ICs) and electronic devices. The company’s product offerings include electronic design automation (EDA) software, emulation hardware, and two categories of intellectual property (IP), commonly referred to as verification IP (VIP) and design IP. It provides maintenance for its software, hardware, and IP product offerings. The company also provides engineering services related to methodology, education, hosted design solutions and design services for advanced ICs and development of custom IP, which help its customers manage and accelerate their electronics product development processes. In 2013, the company acquired Tensilica, Inc. (Tensilica), a privately held provider of configurable dataplane processing units; and Cosmic Circuits Private Limited, a privately held provider of intellectual property used in system-on-chip (SoC) design. These acquisitions, along with other acquired technology and internal development, expanded its design IP offerings, enabling the company to offer customized IP, as well as analog and mixed signal IP solutions to its customers. Products The company’s products are engineered to improve its customers' design productivity and design quality by providing a set of EDA solutions, emulation hardware, and a differentiated portfolio of design IP and VIP. It combines its products and technologies into categories related to major design activities, such as functional verification, including emulation hardware and IP; custom IC design; digital IC design and signoff; system interconnect design; and design for manufacturing (DFM). The major Cadence design and verification platforms are branded as Incisive functional verification, Virtuoso custom IC design, Encounter digital IC design, and Allegro system interconnect design. The company’s functional verification offerings include VIP products and are supplemented by its design IP offerings and its emulation hardware offerings. In addition, the company augments these platform product offerings with a set of DFM products that service both the digital and custom IC design flows. The products and technologies included in these categories are combined with ready-to-use packages of technologies assembled from the company’s portfolio of IP and other associated components that provide solutions for low power, mixed signal, and designs at smaller geometries referred to as advanced process nodes, as well as popular designs based on design IP owned and licensed by other companies, such as ARM Holdings plc. These solutions are marketed to users who specialize in areas, such as system design and verification, functional verification, logic design, digital implementation, custom IC design and verification, and printed circuit board (PCB), IC package and SiP design and analysis. Functional Verification, including Emulation Hardware and IP Functional verification products are used by the company’s customers to verify that the circuitry they have designed would perform as intended. Verification takes place before implementing or manufacturing the circuitry, significantly reducing the risk of discovering an error in the completed product. The company’s functional verification offerings include three major categories, such as logic verification, system design and verification, and IP (including VIP and design IP). The company’s logic verification software offering consists of planning, testbench automation, simulation, property checking, and environment capabilities within the Incisive functional verification platform. This offering enables the company’s customers to coordinate verification activities across multiple teams and various specialists for rapid verification planning and closure. The company’s system design and verification offerings consist of hardware-assisted verification solutions employing emulation and acceleration, including the Palladium XP II, Palladium XP, and Palladium verification computing platforms, system-level design tools, accelerated VIP, estimation of SoC cost and performance and automation for hard

 

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Price/Sales 2.8x
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Price/Cash Flow 23.2x
TEV/Sales 2.3x
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