M&A Deal Summary

Cadence Design Systems Acquires Tensilica

On March 11, 2013, Cadence Design Systems, Inc. acquired software company Tensilica LLC for 380M USD

Acquisition Highlights
  • This is Cadence Design Systems’ 27th transaction in the Software sector.
  • This is Cadence Design Systems’ 1st largest (disclosed) transaction.
  • This is Cadence Design Systems’ 36th transaction in the United States.
  • This is Cadence Design Systems’ 25th transaction in California.

M&A Deal Summary

Date 2013-03-11
Target Tensilica LLC
Sector Software
Buyer(s) Cadence Design Systems, Inc.
Deal Type Add-on Acquisition
Deal Value 380M USD
Advisor(s) Qatalyst Partners LP (Financial)

Target

Tensilica LLC

Santa Clara, California, United States
Tensilica LLC is a provider of configurable dataplane processing units that are optimized for embedded data and signal processing targeted at mobile wireless, network infrastructure, auto infotainment and home applications.

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Buyer(S) 1

Buyer

Cadence Design Systems, Inc.

San Jose, California, United States

website


Category Company
Founded 1988
SectorSoftware
Employees8,800
Revenue 2.7B USD (2020)
DESCRIPTION
Cadence Design Systems' corporate headquarters in San Jose, California.
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 1988 and is based in San Jose, California.


DEAL STATS #
Overall 38 of 46
Sector (Software) 27 of 34
Type (Add-on Acquisition) 36 of 43
State (California) 25 of 29
Country (United States) 36 of 42
Year (2013) 2 of 2
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-07 Cosmic Circuits Pvt. Ltd.

Bengaluru, India

Cosmic Circuits Pvt. Ltd. is a provider of analog and mixed signal intellectual property (IP) cores. Cosmic Circuits offers silicon-proven IP solutions in connectivity and advanced mixed-signal technologies in the 40nm and 28nm process nodes, with 20nm and FinFET development well underway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-03 Cadence - Advanced Display Technology

United States

Cadence - Advanced Display Technology provides technological services in US.

Sell -