M&A Deal Summary

Cadence Acquires Plato Design Systems

On April 24, 2002, Cadence acquired software company Plato Design Systems for 50M USD

Acquisition Highlights
  • This is Cadence’s 12th transaction in the Software sector.
  • This is Cadence’s 17th largest (disclosed) transaction.
  • This is Cadence’s 15th transaction in the United States.
  • This is Cadence’s 9th transaction in California.

M&A Deal Summary

Date 2002-04-24
Target Plato Design Systems
Sector Software
Buyer(s) Cadence
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Plato Design Systems

San Jose, California, United States
Plato Design Systems is involved in scalable routing and physical design optimization for system-on-chip (SoC) products. The company's flagship product, NanoRoute, allows concurrent routing, extraction, analysis, and interconnect optimization for timing and signal integrity closure.

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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 16 of 54
Sector: Software M&A 12 of 36
Type: Add-on Acquisition M&A Deals 15 of 49
State: California M&A 9 of 30
Country: United States M&A 15 of 45
Year: 2002 M&A 1 of 3
Size (of disclosed) 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-20 Silicon Perspective

Santa Clara,, California, United States

Silicon Perspective offeres full-chip silicon virtual prototypes that provided design closure throughout the design cycle. Silicon Perspective served application specific integrated circuits (ASIC), customer owned tooling (COT), and system on chip (SoC) marketplaces.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-27 DSM Technologies

United States

DSM Technologies provides Graphical tool for creation of design rules that generates DRC/LVS decks for dracula, Hercules and others.

Buy -