M&A Deal Summary

Cadence Acquires Quickturn Design Systems

On May 25, 1999, Cadence acquired software company Quickturn Design Systems

Acquisition Highlights
  • This is Cadence’s 8th transaction in the Software sector.
  • This is Cadence’s 9th transaction in the United States.
  • This is Cadence’s 5th transaction in California.

M&A Deal Summary

Date 1999-05-25
Target Quickturn Design Systems
Sector Software
Buyer(s) Cadence
Deal Type Add-on Acquisition

Target

Quickturn Design Systems

San Jose, California, United States
Quickturn Design Systems designs, manufactures, sells, and supports emulation and cycle-based simulation system-level verification solutions for the design of computer chips and electronic systems.

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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 10 of 54
Sector: Software M&A 8 of 36
Type: Add-on Acquisition M&A Deals 10 of 49
State: California M&A 5 of 30
Country: United States M&A 9 of 45
Year: 1999 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-26 Bell Labs DA

Murray Hill,, New Jersey, United States

Bell Labs DA a design automation development organization that focuses on the complex verification challenges companies face when designing integrated circuits and next-generation SoC.

Buy $58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-28 Diablo Research Co.

Sunnyvale, California, United States

Diablo Research Company provides Services Bluetooth and HomeRF (radio-frequency) technology, as well as new capabilities in telemetry, global-positioning satellite (GPS) solutions, and personal wireless products.

Buy $40M