M&A Deal Summary

Cadence Acquires Rambus - PHY IP Assets

On July 20, 2023, Cadence acquired software company Rambus - PHY IP Assets from Rambus

Acquisition Highlights
  • This is Cadence’s 36th transaction in the Software sector.
  • This is Cadence’s 44th transaction in the United States.
  • This is Cadence’s 30th transaction in California.

M&A Deal Summary

Date 2023-07-20
Target Rambus - PHY IP Assets
Sector Software
Buyer(s) Cadence
Sellers(s) Rambus
Deal Type Divestiture

Target

Rambus - PHY IP Assets

San Jose, California, United States
Rambus' PHY IP Assets provide SerDes and memory interface PHY IP services.

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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 49 of 54
Sector: Software M&A 36 of 36
Type: Divestiture M&A Deals 4 of 5
State: California M&A 30 of 30
Country: United States M&A 44 of 45
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 OpenEye Scientific

Santa Fe, Minnesota, United States

OpenEye Scientific provides computational molecular design through rapid, robust, and scalable software, toolkits, technology, and design services, and Orion, the only cloud-native fully integrated software-as-a-service molecular modeling platform that runs on Amazon Web Services. Combining unlimited computation and storage with powerful tools for data sharing, visualization, and analysis in an open development platform, Orion offers unprecedented capabilities for the advancement of pharmaceuticals, biologics, agrochemicals, and flavors and fragrances. Founded in 1997, OpenEye Scientific is a privately held company headquartered in Santa Fe, N.M., with offices in Boston, Mass.; Cologne, Germany; and Tokyo, Japan.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 Intrinsix

Marlborough, Massachusetts, United States

Intrinsix is an advanced semiconductor design services firm with the platforms, process, and people to ensure first-turn success of your semiconductor project. Intrinsix was founded in 1986 and is based in Marlborough, Massachusetts.

Buy -

Seller(S) 1

SELLER

Rambus

San Jose, California, United States

Category Company
Founded 1990
Sector Semiconductors
Employees712
Revenue 557M USD (2024)
DESCRIPTION
Rambus' corporate headquarters in Sunnyvale, California.
Rambus' corporate headquarters in Sunnyvale, California.

Rambus is a provider of chip and system companies with interface solutions that deliver higher performance for a broad range of consumer, computing, and communications applications. Rambus was founded in 1990 and is based in San Jose, California.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Hardent

Montréal, Quebec, Canada

Hardent is an electronic design company providing electronic design services, training solutions, and IP products to leading electronics equipment and component manufacturers. Hardent was founded in 2002 and is based in Montréal, Quebec.

Buy -