M&A Deal Summary

Cadence Acquires Verisity

On January 13, 2005, Cadence acquired software company Verisity for 285M USD

Acquisition Highlights
  • This is Cadence’s 19th transaction in the Software sector.
  • This is Cadence’s 5th largest (disclosed) transaction.
  • This is Cadence’s 26th transaction in the United States.
  • This is Cadence’s 17th transaction in California.

M&A Deal Summary

Date 2005-01-13
Target Verisity
Sector Software
Buyer(s) Cadence
Deal Type Add-on Acquisition
Deal Value 285M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Verisity

Mountain View, California, United States
Verisity, Ltd. provides technologies and software products used to verify designs of electronic systems and complex integrated circuits for the communications, computing, and consumer electronics markets worldwide.

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Buyer(S) 1

Buyer

Cadence

San Jose, California, United States

website


Category Company
Founded 1987
Sector Software
Employees10,200
Revenue 3.6B USD (2022)
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 27 of 51
Sector (Software) 19 of 36
Type (Add-on Acquisition) 26 of 46
State (California) 17 of 30
Country (United States) 26 of 45
Year (2005) 1 of 1
Size (of disclosed) 5 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-06 Neolinear

Pittsburgh, Pennsylvania, United States

Neolinear, Inc. is a analog design technology critical for the consumer and communications markets where semiconductors are increasingly differentiated by their analog content. The Neolinear team will bring additional strong A/MS and RF expertise into Cadence and play a key role in driving ongoing innovations for improving yield and speeding IP reuse in the Cadence® Virtuoso® custom design platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 Invarium

San Jose, California, United States

Invarium, Inc., is a developer of advanced lithography modeling and pattern synthesis technology. Invarium's pattern synthesis capabilities enable superior pattern resolution and faster yield ramp for designs targeted to 45-nanometer-and-below process technologies.

Buy -