M&A Deal Summary

Cadence Acquires OpenEye Scientific

On July 25, 2022, Cadence acquired information technology company OpenEye Scientific for 500M USD

Acquisition Highlights
  • This is Cadence’s 1st transaction in the Information Technology sector.
  • This is Cadence’s 3rd largest (disclosed) transaction.
  • This is Cadence’s 43rd transaction in the United States.
  • This is Cadence’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2022-07-25
Target OpenEye Scientific
Sector Information Technology
Buyer(s) Cadence
Deal Type Add-on Acquisition
Deal Value 500M USD

Target

OpenEye Scientific

Santa Fe, Minnesota, United States
OpenEye Scientific provides computational molecular design through rapid, robust, and scalable software, toolkits, technology, and design services, and Orion, the only cloud-native fully integrated software-as-a-service molecular modeling platform that runs on Amazon Web Services. Combining unlimited computation and storage with powerful tools for data sharing, visualization, and analysis in an open development platform, Orion offers unprecedented capabilities for the advancement of pharmaceuticals, biologics, agrochemicals, and flavors and fragrances. Founded in 1997, OpenEye Scientific is a privately held company headquartered in Santa Fe, N.M., with offices in Boston, Mass.; Cologne, Germany; and Tokyo, Japan.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Cadence

San Jose, California, United States

Category Company
Founded 1987
Sector Software
Employees12,700
Revenue 4.6B USD (2024)
DESCRIPTION
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.

Cadence develops system design enablement solutions that customers use to design whole electronics systems, increasingly small and complex integrated circuits, and electronic devices. Cadence's solutions are designed to help customers reduce the time to bring an electronics system, IC, or electronic device to market and to reduce their design, development, and manufacturing costs. Cadence's product offerings include electronic design automation, software, emulation and prototyping hardware, system interconnect and analysis, and categories of intellectual property referred to as verification IP and design IP. Cadence was founded in 1987 and is based in San Jose, California.


DEAL STATS #
Overall 48 of 54
Sector: Information Technology M&A 1 of 3
Type: Add-on Acquisition M&A Deals 45 of 49
State: Minnesota M&A 1 of 1
Country: United States M&A 43 of 45
Year: 2022 M&A 2 of 2
Size (of disclosed) 3 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Future Facilities

London, United Kingdom

Future Facilities is a simulation software company that believes the successful design and operation of systems, from chip to data center, lies in predicting the impact of change. Future Facilities' unique methodology relies on virtual prototyping and utilizing engineering simulation to assess performance, allowing enterprises to deliver products that are efficient, reliable, and scalable. Future Facilities was founded in 2004 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 Rambus - PHY IP Assets

San Jose, California, United States

Rambus' PHY IP Assets provide SerDes and memory interface PHY IP services.

Buy -