M&A Deal Summary

Cadence Acquires AWR

On December 2, 2019, Cadence acquired software company AWR from National Instruments for 160M USD

Acquisition Highlights
  • This is Cadence’s 31st transaction in the Software sector.
  • This is Cadence’s 8th largest (disclosed) transaction.
  • This is Cadence’s 40th transaction in the United States.
  • This is Cadence’s 29th transaction in California.

M&A Deal Summary
Date 2019-12-02
Target AWR
Sector Software
Buyer(s) Cadence
Sellers(s) National Instruments
Deal Type Divestiture
Deal Value 160M USD

Target

AWR

El Segundo, California, United States
website
AWR Corp. is a provider of high-frequency EDA software, dramatically reduces development time and cost for products employed in wireless, high-speed wired, broadband, aerospace and defense and electro-optical applications. AWR Corp. was founded in 1994 and is based in El Segundo, California.

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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 43 of 51
Sector (Software) 31 of 36
Type (Divestiture) 3 of 5
State (California) 29 of 30
Country (United States) 40 of 45
Year (2019) 1 of 1
Size (of disclosed) 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 nusemi

Mountain View, California, United States

nusemi, Inc. is a company focused on the development of ultra-high-speed Serializer/Deserializer (SerDes) communications IP. nusemi was founded in 2015 and is based in Mountain View, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Integrand Software

Berkeley Heights, New Jersey, United States

Integrand Software, Inc. provides electronic design software used to design high frequency, RF and Mixed-Signal complex integrated circuits (ICs) for the global semiconductor and electronics industries. Integrand Software was founded in 2003 and is based in Berkeley Heights, New Jersey.

Buy -

Seller(S) 1

SELLER

National Instruments

Austin, Texas, United States

website

Category Company
Founded 1976
Sector Test/Measurement Equipment
Employees7,000
Revenue 1.7B USD (2022)
DESCRIPTION
Entrance to National Instruments' corporate headquarters in Austin, Texas.
Entrance to National Instruments' corporate headquarters in Austin, Texas.

National Instruments designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. The Company's platform-based approach to engineering provides an integrated software and hardware platform that speeds the development of systems needing measurement and control. National Instruments was formed in 1976 and is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 Micropross SAS

Villeneuve d'Ascq, France

Micropross SAS is a provider of test and personalization solutions for the business of RFID, smartcard and NFC.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 OptimalPlus

Holon, Israel

OptimalPlus Ltd. is a data analytics software company for the semiconductor, automotive, and electronics industries. OptimalPlus is based in Holon, Israel.

Buy $365M
Mergr

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