Cadence - M&A Summary and Business Overview

SoftwareCompany

Cadence M&A Summary

Cadence has acquired 51 companies, including 9 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Cadence’s largest acquisition to date was in 2024, when it acquired BETA CAE Systems International AG for $1.2B. Cadence has acquired in 10 different US states, and 6 countries. The Company’s most targeted sectors include software (71%) and semiconductors (20%).

Cadence Business Overview

Where is Cadence headquartered?

Cadence is headquartered in San Jose, California.

What is Cadence’s revenue?

Cadence disclosed revenue of 4,090M USD for 2023 and 3,562M USD for 2022.

How many employees does Cadence have?

Cadence has 11,200 employees.

What sector is Cadence in?

Cadence is a software company.

When was Cadence founded?

Cadence was founded in 1987.

M&A Summary

  • M&A Total Activity52
    • M&A Buy Activity51
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 7

Cadence

Cadence Design Systems, Inc.

2655 Seely Avenue, Building 5,
San Jose, California 95134
United States,
(408) 943-1234
www.cadence.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 43 1 2 2 2 1 51
vol $2.3B $500M $1.2B $4.0B
Sell (0.0/yr) # 1 - - - - - 1
  52

Most Recent M&A

Company Date Value Type
BETA CAE Systems International AG 2024-03-05 1.2B USD Add-on Acquisition
Lucerne, Switzerland · www.beta-cae.com
Intrinsix Corp. 2023-09-20 - Divestiture
Marlborough, Massachusetts · www.intrinsix.com
Rambus - PHY IP Assets 2023-07-20 - Divestiture
San Jose, California
OpenEye Scientific Software, Inc. 2022-07-25 500M USD Add-on Acquisition
Santa Fe, Minnesota · www.eyesopen.com
Future Facilities Ltd. 2022-07-11 - Add-on Acquisition
London, United Kingdom · www.futurefacilities.com
Pointwise, Inc. 2021-04-15 - Add-on Acquisition
Fort Worth, Texas · www.pointwise.com
NUMECA International 2021-01-20 - Add-on Acquisition
Brussels, Belgium · www.numeca.com
Integrand Software, Inc. 2020-02-13 - Add-on Acquisition
Berkeley Heights, New Jersey · www.integrandsoftware.com
AWR Corp. 2019-12-02 160M USD Divestiture
El Segundo, California · www.awr.com
nusemi, Inc. 2017-11-01 - Add-on Acquisition
Mountain View, California · www.nusemi.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Valid Logic Systems Inc. 1991-12-31 Integrated Measurements Systems, Inc. 2001-11-01 1
San Jose,, California Beaverton,, Oregon

M&A by Sector

Sector Buy # Value Sell # Value
Software 36 (71%) 2.2B (55%) 1 (100%) -
Semiconductors 10 (20%) - - -
Internet Software and Services 3 (6%) 89M (2%) - -
Information Technology 2 (4%) 1.7B (43%) - -
Total 51 $4.0B 1 -

By Geo

State/Country Buy Value Sell Value
United States 45 2.8B 1 -
  California 30 2.0B - -
  Texas 2 - - -
  Oregon 2 131M - -
  New Jersey 2 58M - -
  Utah 1 10M - -
  Pennsylvania 1 - - -
  Ohio 1 - - -
  Minnesota 1 500M - -
  Massachusetts 1 - - -
United Kingdom 2 - - -
Belgium 1 - - -
India 1 - - -
Israel 1 - - -
Switzerland 1 1.2B - -
Domestic 45 (88%) 2.8B (69%) 1 (100%) -
Cross-border 6 (12%) 1.2B (31%) - -
Total 51 $4.0B 1 -

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 9 $2.3B
< $100M 10 $489M
TOTAL $4.0B
Largest BETA CAE Systems International AG
$1.2B (2024-03-05)

M&A Connections

Deals
Acquired from
Investor(s)
4%
2 (4%)
Strategic(s)
10%
5 (10%)
Divested to
Strategic(s)
100%
1 (100%)

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