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M&A Deal Summary

Cadence Acquires Rocketick Technologies

On April 11, 2016, Cadence acquired software company Rocketick Technologies

Acquisition Highlights
  • This is Cadence’s 30th transaction in the Software sector.
  • This is Cadence’s 1st transaction in Israel.

M&A Deal Summary
Date 2016-04-11
Target Rocketick Technologies
Sector Software
Buyer(s) Cadence
Deal Type Add-on Acquisition
Advisor(s) Needham & Company (Financial)

Target

Rocketick Technologies

Ramat Gan, Israel
Rocketick Technologies Ltd. is an Israel based pioneer and provider of multicore parallel simulation. Rocketick’s technology accelerates Cadence Incisive Enterprise Simulator to provide up to 6X speed-up for register-transfer-level (RTL), up to 10X speed-up for gate-level functional and up to 30X speed-up for gate-level DFT simulations using standard x86-based servers. The Rocketick solution is proven and is in use today by numerous marquee systems and semiconductor companies in the mobile, server, and graphics domains.

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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 41 of 53
Sector (Software) 30 of 36
Type (Add-on Acquisition) 39 of 48
Country (Israel) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Jasper Design Automation

Mountain View, California, United States

Jasper Design Automation, Inc., is a Electronic Design Automation (EDA) company leveraging formal technologies to deliver high value/high ROI solutions for the design and verification of electronic systems and semiconductors.

Buy $170M
FOLLOWING 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 -
Mergr

Product

Company

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