About the Company
In 1988, two corporate entities – SDA Systems and ECAD, Inc. merged to establish Cadence Design Systems, Inc. Based in San Jose, California, United States, the company offers hardware, software as well as intellectual properties (IPs) for a diverse range of equipment and devices around the world. Its product offerings include Custom IC technologies, PCB & Packaging technologies, System & Verification technologies, System Analysis, Digital & Signoff technologies, among others. Alongside its corporate headquarters in the US, it has a global presence with international headquarters in Dublin, Ireland. Its regional headquarters are located in China, Japan, India, and the United Kingdom. Cadence shares trade on the Nasdaq Stock Exchange as CDNS. CDNS stock is a component of the Nasdaq 100 index as well as the S&P 500 index.
The company made its first acquisition in 1989 by buying-off the Gateway Design Automation, inventor of Verilog, a Hardware Description Language (HDL). Cadence has acquired over 50 companies ever since. In 2002, CCDN purchased IBM’s Test Design Automation group. UniCAD, AWR Corporation, Tensilica, CadMOS, Simplex, Plato, Praesagus, and Forte Design Systems are some of the companies that Cadence has acquired.
The company featured on Fortune Magazine’s list of 100 Best Companies to Work For in the years 2015, 2016, 2017, 2018, 2019, and for the sixth consecutive year in 2020. Investor’s Daily named Cadence in its list of Top 50 Environmental, Social and Corporate Governance (ESG) Companies in 2019. Forbes included it in its list of World’s Best Employers in 2019. As of 2020, Cadence Design Systems, Inc. ranked 1127th on Forbes’ list of Global 2000 companies. The company, through its Cadence Academic Network, delivers training, technology, and programs to students, researchers, educators, and entrepreneurs in the global academic community.;
| Organisation | Cadence Design Systems Inc |
| Industry | Software—Application |
| HeadQuarters | San Jose, CA |